Internal Revenue Service February 5, 2020 – Federal Register Recent Federal Regulation Documents

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Determination of the Maximum Value of a Vehicle for Use With the Fleet-Average and Vehicle Cents-Per-Mile Valuation Rules

Document Number: 2020-02158

Type: Rule

Date: 2020-02-05

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document sets forth final regulations regarding special valuation rules for employers and employees to use in determining the amount to include in an employee's gross income for personal use of an employer-provided vehicle. The final regulations reflect changes made by the Tax Cuts and Jobs Act (TCJA).

https://regulations.justia.com/regulations/fedreg/2020/02/05/2020-02158.html