what are considered taxable fringe benefits
Taxable Fringe Benefit Law and Legal Definition. A taxable fringe benefits are certain noncash fringe benefits received from an employer whose value are considered part of an employee's compensation. An employer generally must withhold income tax on these benefits from an employees regular pay for the period the benefits are paid or considered paid. Anytime an employer provides an employee a fringe benefit, that fringe benefit is subject to federal income taxes unless the law specifically excludes it.