Company Car Perk: Address the Tax Complexities

By |2017-05-24T13:42:01+00:00April 26th, 2017|Categories: Tax Planning|Tags: , , , , |

The perk of a company car isn't entirely "free" for employees. Generally, employees are taxed on the personal value of this fringe benefit, subject to certain special rules and annual limits. Significantly, the IRS recently announced the 2017 thresholds applicable for valuations of vehicles. Background Information An employer that provides taxable fringe benefits to employees is [...]