Announcing the Newest Member Benefit: A Scholarship Program
Everything You've Been Told About Passwords Is Wrong
Selecting Lease Accounting Software — What to Consider
IRS Releases Updated Withholding Calculator and 2018 Form W-4
FASB Proposes Changes in Accounting for Cloud Computing Costs
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
IRS Adjusts Employer-Provided Vehicle Maximums for 2017
The Internal Revenue Service has issued a notice describing the maximum vehicle values for 2017 that taxpayers need for determining the value of personal use of employer-provided vehicles under the Income Tax Regulations’ special valuation rules.
Notice 2017-03 applies to employer-provided passenger automobiles first made available to employees for personal use in calendar year 2017 under section 1.61–21 (d) and (e) of the Income Tax Regulations.
The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2017 for which the vehicle cents-per-mile valuation rule could apply is $15,900 for a passenger automobile and $17,800 for a truck or van.
The maximum value for which the fleet-average valuation rule may be applicable is $21,100 for a passenger automobile, and $23,300 for a truck or van.
(Source: AccountingToday - IRS Watch - January 11, 2017)