Old 02-10-2016, 06:40 PM
  #18  
flcatcher1
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It's considered a taxable fringe benefit by the IRS. So it may not be quite as good as it sounds, employer should be withholding from your paycheck. There are a couple of scenarios to determine how the value of the perk is determined by the IRS, one sets the value at $0.56 per mile. You'll likely need to keep a log of business vs personal use.
http://gtm.com/business/tax-rules-fo...pany-vehicles/