IRS Regulations (cite info) requires Marshall University to report certain payments, gifts, benefits and other select items that have been paid for by the employer. An item can be considered a taxable fringe benefit if it is paid for with either State, Marshall University, Foundation, Big Green or MURC funds.
The IRS does allow exclusions for certain and specific situations. Taxable fringe benefits apply to all Marshall University employees, including student employees.
For more information, check out our Taxable Fringe Benefits Guide (this is a secure site that requires you to log on) and the following IRS Publications:
15-B – Employer’s tax Guide to Fringe Benefits
521 – Moving Expenses
If you have additional questions, contact the Payroll Department at payroll@marshall.edu or 304-696-6457.