EMPLOYMENT TAX + INCOME TAX

REG-101378-19, page 702. Employers must generally include the fair market value of the personal use of an employer-provided vehicle in an employee’s income for federal income and employment tax purposes. IRS regulations provide various methods for valuing an employee’s personal use of an employer-provided vehicle. In order to use some of these valuation methods, the fair market value of the vehicle cannot exceed a stated amount that is indexed for inflation each year. These proposed regulations explain how to determine the maximum fair market value of an employer-provided vehicle for purposes of these special valuation methods.

Finding Lists begin on page ii.