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Thread: Company provided vehicle
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Created on: 10/30/08 12:37 PM
Replies: 1
Viewed: 779

Posted by: Timmy
52 posts since - 01/07/2007
Company provided vehicle - 10/30/08 at 12:37 PM

I have a client who has a company provided vehicle.

He wants to report commuting mileage on his W-2.

I think it's the other way around he needs to report that "benefit" of the company vehicle on his w-2. Seeking advice

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Posted by: OldJack
1392 posts since - 11/20/2006
RE: Company provided vehicle - 10/30/08 at 1:07 PM

This is all covered and explained in IRS publication 15-B starting about page 20. Annual Lease Value Tables are on page 22.

In general it is his "personal use" of the vehicle that is added to his W2 gross subject to payroll taxes. Personal use would also include his commuting mileage.

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