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Tax Laws and Employee Benefits

published in Benefits Compliance: Strategies for Plans, Programs & Policies | 2013

Published by BLR – Business & Legal Resources, the 2013 edition of Benefits Compliance: Strategies for Plans, Programs & Policies is the go-to reference book for benefits managers, HR professionals, employers and counsel. Co-authored by many of the nation’s leading benefits lawyers, the manual’s 12 chapters address key areas of benefits law, including health care reform; ERISA in general; disclosure and reporting options for group health plans; ERISA fiduciary and claims procedures; tax laws related to employee benefits; continuation coverage requirements for COBRA, FMLA and USERRA; HIPAA portability, privacy and security; Mental Health Parity and Addiction Equity Act; Genetic Information Nondiscrimination Act; Medicare; discrimination laws affecting benefit plans; and workers’ compensation, disability and life insurance, adoption and other fringe benefit plans.

In the chapter titled “Tax Laws and Employee Benefits,” McAfee & Taft employee benefits lawyers Brandon Long and Barbara Klepper provide employers with an overview of the tax treatment of various types of fringe benefits and deferred compensation. Examples of fringe benefits include accident and health benefits, achievement awards, athletic facilities, de minimis benefits, dependent care assistance, employee discounts, employer-provided cell phones, group term life insurance coverage, health savings accounts, meals, moving expense reimbursements, retirement planning services, transportation benefits, and tuition reduction.