Page 295 - Small Business IRS Training Guides

The following information can be used to identify whether the taxpayer provides any fringe benefits under IRC 132:

Employer and employee interviews: Discussions with the employer and employees may give indications of
whether fringe benefits, including bicycle commuting reimbursements, are issues that need to be raised.

Additionally, this issue is more common in some industries and locations, notably large metro areas.

Employee Handbooks: Many taxpayers maintain a written employee handbook outlining the benefits available

to its employees. Fringe benefits such as bicycle commuting reimbursements are often described in these
handbooks.

Employment Contracts: Benefits that are provided on a discriminatory basis may be described in employment

contracts with key personnel.

Summary

You are now able to identify changes made under Tax Cuts and Jobs Act (TCJA) regarding qualified bicycle commuting

reimbursements.

73233-102 11047-5 Tax Cuts and Jobs Act