Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This two-hour CPE course, the third in the 1040 Preparation and Planning series, covers compensation and fringe benefits. It also covers the tax treatment of distributions and loans from qualified retirement plans.
Tax developments reflected in this course include the extensive changes effective for 2024 that were created by the One Big Beautiful Bill Act of 2025 (OBBBA) and other tax legislation, as well as IRS pronouncements and court decisions. They impact 2025 tax year returns that will be filed during the 2026 filing season and refund opportunities for earlier years; as well as point the way to strategic planning in 2026 and beyond. This course brings the tax preparer "up-to-speed" in preparing 2025 tax returns for the 2026 filing season.
Publication Date: September 2025
Topics Covered
- Compensation for Personal Services
- Form W-2 Reporting and Withholding
- Employee Stock Options
- Foreign Earned Income Exclusion
- Group-Term Life Insurance Paid by Employer
- Meals and Lodging Furnished to Employee
- Employer's Contributions to Employee Retirement Plans
- Pensions and Retirement Pay Received
- Loans from Qualified Retirement Plans
- Medical Insurance and Reimbursement Plans
- Dependent Care Assistance Plans
- Employer-Provided Educational Assistance
- Employer-Provided Adoption Assistance
- Other Fringe Benefits
- Veterans and Members of the Armed Forces
Learning Objectives
- Explain compensation in whatever form it is paid
- Explain entries on Form W-2 as they relate to the income tax return
- Identify various types of employee benefits plans
- Recognize which benefits are taxable and which benefits are excludable from income
- Explain distributions and loans from qualified retirement plans
- Identify the different types of stock options for employees
- Explain special rules for veterans and members of the armed services
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of Federal Tax Law
Advance Preparation
None
Instructors
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.
Barbara Weltman
Barbara Weltman, JD, has written extensively on a wide variety of tax, small business, and financial planning matters for both professionals and the general public. The Wall Street Journal called her “the guru of small business taxes.” She is the author of a number of self-study programs for CCH. She is publisher of Big Ideas for Small Business® and Idea of the Day® found at www.BigIdeasForSmallBusiness.com and is a guest blogger for the SCORE and many other sites. Ms. Weltman is a graduate of Brooklyn Law School.