Curriculum Guide · Courses

Professors Boyd Brown II and Gordon Klepper

LL.M Seminar 963 | 2 credit hours

Fringe benefits are an important and often complex part of the overall compensation package offered to employees, and in the case of executives, often a controversial topic. In this course, students will learn about the tax aspects of a variety of executive perquisites and rank-and-file benefits, including expense reimbursement plans, company cars and aircraft, qualified employee discounts, meals and lodging, tuition assistance, relocation programs, benefits for spouses and family members, pre-tax transportation plans, severance benefits, tax “gross-ups,” and others.

The course will address the tax implications of fringe benefits to employees and employers, including a detailed examination of income inclusion/exclusion, timing and valuation rules, and employment tax withholding and reporting. Also covered will be the applicable SEC disclosure rules, ERISA, and other employment laws. Corporate policy and accounting implications also will be discussed.

Instruction will involve lectures, case studies, and discussions of current developments.

Prerequisite: Taxation I

JD students who have not taken Taxation I and Taxation II should consult Ellis Duncan (ged5@law.georgetown.edu) before enrolling in this course.