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IRS Announces Changes for Personal Use of Employer-Provided Vehicles

Monday, May 13, 2019
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The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn’t completely “free” under current tax law. Essentially, personal use of a company car is treated as a taxable noncash fringe benefit, subject to income tax obligations. READ MORE