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Introduction

SECTION 4. APPLICATION

Internal Revenue Bulletin 2003-13 · 2026-10-03 edition · updated 2026-10-04 · United States

If a taxi fleet owner rents a taxicab on a daily shift basis to a taxi driver under a formal lease or a daily shift arrangement based on the ongoing business relationship between the taxi fleet owner and the taxi driver, the Service will not treat the rental for a daily shift as part of a series of connected transactions under § 1.6050I– 1(c)(7)(ii) if— (1) The rent for the shift does not exceed $150 and is not paid during a 24hour period within which the payments made by, or on behalf of, the driver exceed $150; and

2003–13 I.R.B. 668 March 31, 2003

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▸Contents — Internal Revenue Bulletin 2003-13
Internal Revenue Bulletin 2003-13

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