The new tax reform legislation includes important changes to the tax treatment of employer-sponsored benefit programs, including transportation benefit programs and moving expense reimbursements. The law also creates a new tax credit for employers who provide paid family and medical leave to their employees.
Fringe Benefits: What Tax Reform Means to the Employer
By Anthony A. Bongiorno and Todd Solomon on January 18, 2018
Posted In Employee Benefits, Health and Welfare Plans
Tags: ACA, Affordable Care Act, Code Section 132, Code Section 132(f), employee achievement awards, employer-sponsored transportation benefit programs, federal tax code, fringe benefits, Moving Expense, paid family and medical leave, qualified plan awards, Section 45S, Tax Cuts and Jobs Act, tax reform, UBTI, unrelated business taxable income
Anthony A. BongiornoAnthony (Tony) A. Bongiorno has extensive jury trial experience in a variety of commercial matters and serves as the partner-in-charge of the Firm’s Boston office. Tony has successfully tried cases in various federal and state courts around the country. In addition to his significant jury trial experience, Tony has also tried matters under the auspices of the American Arbitration Association, the International Centre for Dispute Resolution and the International Chamber of Commerce. Tony has represented clients in many industries, including energy, health care, biotech and construction.
Todd SolomonTodd A. Solomon focuses his practice on designing, amending and administering pension, profit sharing, 401(k), employee stock ownership and 403(b) plans, as well as nonqualified deferred compensation arrangements. He also counsels privately and publicly held corporations and tax-exempt entities regarding fiduciary issues under the Employee Retirement Income Security Act (ERISA), employee benefits issues involved in corporate transactions, executive compensation matters and the implementation of benefit programs for domestic partners of employees.Read Todd A. Solomon's full bio.
Related Posts
- IRS Releases FAQs on Paid Family and Medical Leave Credit
- Fringe Benefits: What the Proposed Tax Bills Mean to the Employer
- Fifth Circuit Issues ACA Ruling, But Severability Question Remains
- Free Parking Only Exists in Monopoly: New IRS Guidance Makes Employer-Provided Parking More Costly and Burdensome Than You Think
- What’s Next After the Affordable Care Act?
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- Breaking Down the New No Surprises Act FAQs Post-TMA III
- Fourth Circuit Stays Preliminary Injunction of Executive Orders Related to DEI Programs
- Recent Developments Relating to the DOL and ESOPs
- Price Transparency: A Trump Administration Regulatory Priority
- Federal Court Blocks Trump’s Anti-DEI Executive Orders Nationwide
