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August 20, 2010
Qualified Transportation Fringe Benefits

In a BLR webinar entitled "Mileage/Commuting Expenses: How to Avoid Big Mistakes With These Employee Expenses," Mark E. Tabakman, Esq., partner in the nationwide law firm Fox Rothschild, LLP and Stacy Wade, Ph.D., CPA, assistant professor of accounting at Western Kentucky University, enumerated qualifying transportation fringe benefits:

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  • Qualified transportation fringes include cash reimbursement by an employer to an employee for expenses incurred or paid by an employee for transportation in a commuter highway vehicle, transit pass, qualified parking, or qualified bicycle commuting reimbursement.
  • Qualified transportation fringe includes cash reimbursement for transit passes only if no voucher or similar item that may be exchanged for a transit pass is "readily available."
  • In order to be reimbursed, an employee must provide substantiation that an expense has been incurred for a qualified transportation fringe.

Mark E. Tabakman, Esq., is a partner in the nationwide law firm Fox Rothschild, LLP (www.wagehourlaw.foxrothschild.com). He advises clients throughout the country on all aspects of labor relations and employment law, as well as the development of corporate employment policies. Stacy Wade, Ph.D., CPA, is assistant professor of accounting at Western Kentucky University (www.wku.edu). She teaches undergraduate and graduate courses in financial accounting and taxation.

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