Publication 15-B Employer'S Tax Guide To Fringe Benefits - 2003
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24Contents
Department of the Treasury
Internal Revenue Service
Important Changes . . . . . . . . . . . . . . . . . . . . . . . . .
1
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Publication 15-B
1. Fringe Benefit Overview . . . . . . . . . . . . . . . . . . .
2
(Rev. January 2003)
Are Fringe Benefits Taxable? . . . . . . . . . . . . . . .
2
Cat. No. 29744N
Cafeteria Plans . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2. Fringe Benefit Exclusion Rules . . . . . . . . . . . . .
3
Employer’s
Accident and Health Benefits . . . . . . . . . . . . . . .
4
Achievement Awards . . . . . . . . . . . . . . . . . . . . .
5
Adoption Assistance . . . . . . . . . . . . . . . . . . . . . .
6
Tax Guide to
Athletic Facilities . . . . . . . . . . . . . . . . . . . . . . . . .
6
De Minimis (Minimal) Benefits . . . . . . . . . . . . . . .
6
Dependent Care Assistance . . . . . . . . . . . . . . . .
7
Fringe
Educational Assistance . . . . . . . . . . . . . . . . . . .
7
Employee Discounts . . . . . . . . . . . . . . . . . . . . . .
8
Employee Stock Options . . . . . . . . . . . . . . . . . .
8
Benefits
Group-Term Life Insurance Coverage . . . . . . . . .
9
Lodging on Your Business Premises . . . . . . . . . 11
Meals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
For Benefits Provided
Moving Expense Reimbursements . . . . . . . . . . . 13
No-Additional-Cost Services . . . . . . . . . . . . . . . . 14
in 2003
Retirement Planning Services . . . . . . . . . . . . . . . 14
Transportation (Commuting) Benefits . . . . . . . . . 14
Tuition Reduction . . . . . . . . . . . . . . . . . . . . . . . . 15
Working Condition Benefits . . . . . . . . . . . . . . . . . 16
3. Fringe Benefit Valuation Rules . . . . . . . . . . . . . 17
General Valuation Rule . . . . . . . . . . . . . . . . . . . 17
Cents-Per-Mile Rule . . . . . . . . . . . . . . . . . . . . . . 18
Commuting Rule . . . . . . . . . . . . . . . . . . . . . . . . . 18
Lease Value Rule . . . . . . . . . . . . . . . . . . . . . . . . 19
Unsafe Conditions Commuting Rule . . . . . . . . . . 21
4. Rules for Withholding, Depositing, and
Reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
How To Get Forms and Publications . . . . . . . . . . . 23
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Important Changes
Cents-per-mile rule. The standard mileage rate you can
use under the cents-per-mile rule to value the personal use
of a vehicle you provide to an employee in 2003 is reduced
to 36 cents a mile. See Cents-Per-Mile Rule in section 3.
Increase in qualified parking exclusion. Beginning Jan-
uary 1, 2003, employers can exclude up to $190 per month
from an employee’s wages for qualified parking. See Qual-
ified Transportation Benefits in section 2.
Form 5500. If you maintain a cafeteria plan, an educa-
tional assistance program, or an adoption assistance pro-
gram, you are no longer required to file Form 5500, Annual
Return/Report of Employee Benefit Plan, or Schedule F
(Form 5500) reporting information about the plan unless
you also have an annual reporting requirement under
Title I of the Employee Retirement Income Security Act of
1974 (ERISA). For more information, see Notice 2002-24.
You can find Notice 2002-24 on page 785 of Internal
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