Transportation Workshop Series: Tax Impacts of Commuter Benefits

The Tax Cuts and Jobs Act of 2017 made several key changes to the tax treatment of transportation fringe benefits. Learn how the changes to the federal tax code impact employer-sponsored transit passes, vanpooling, biking, and parking. Ed Sturm from Deloitte will illuminate in plain English what is deductible and what is taxable in Section 132(f) of the IRS tax code. He’ll also share what this means for the need to pay Unrelated Business Income Tax (UBIT) on employer-provided parking for nonprofit corporations.

Speaker:  

• Ed Sturm | Deloitte

Ed is the National Service Line Leader for our Meals & Entertainment Tax Services Practice (M&E).  He leads a team of 21 people working exclusively on all tax aspects of travel, meals and entertainment.  He has been with Deloitte for 27 years, including 18 years in M&E.  Ed serves clients across the country in diverse industries including financial services, law firms, consulting organizations, life sciences and manufacturing.  When not traveling, he offices in Minneapolis.  Ed’s background includes a Bachelor’s Degree & Master’s Degree in Accounting from University of Wisconsin-Madison School of Business.