Title
Microsoft Word - vehicleuse.DOC
By
raullim
Description
American Bar Association Young Lawyers Division The 101 Practice Series: Breaking Down the Basics © 2007 American Bar Association All Rights Reserved Employee Use of Vehicle By Matthew P. McLaughlin Introduction Pursuant to Section 61(a)(1) of the Internal Revenue Code of 1986, as amended (the “Code”), fringe benefits are included in gross income. Section 1.61-21(a)(1) of the Treasury Regulations (the “Regulations”) lists a number of illustrative examples of fringe...

Advertisement