Business use of vehicle

 

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If you provide your employee(s) with vehicles for business use, you'll have to do a little calculating.   You see, because your employees personal use of the vehicles must be included in their wages, you'll need to apply the correct valuation rules.   Sound complicated? It is. We're dealing with the IRS! But don't worry. We'll explain the three IRS-approved valuation methods you can use when you read my new article titled How to W-2 the Vehicle You Provide to an Employee.   Three ways our fact-filled article can help you:   1. We'll explain the automobile "lease valuation rule." To calculate the IRS's lease value, you'll need to follow four steps. We'll list them for you when you Read the FREE article.   2. You'll learn how to use the "vehicle cents-per-mile rule." To take advantage of this method you must satisfy one of two IRS rules. We'll explain them in easy-to-understand language when you Read the FREE article.   3. We'll tell you how to use the IRS's "commuting rule." This rule provides that personal use for commuting can be valued at $1.50 each way if all of six conditions are satisfied. You'll learn what they are when you Read the FREE article. To get started, CLICK HERE. You'll get a no-obligation 7-day FREE trial during which you can read, not only the article I mentioned above, but all of our helpful tax saving tips from the last two months. This trial is absolutely free and there are no strings attached. That's a personal promise.   Sincerely,   W. Murray Bradford, CPA Publisher Tax Reduction Letter www.bradfordtaxinstitute.com

 

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