http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/ Focus CPA Group-(562) 281-1040 Fri, 26 Feb 2010 14:39:02 -0600 http://wordpress.org/?v=abc hourly 1 http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/comment-page-1/#comment-278 waggy_33 Thu, 25 Feb 2010 15:25:07 +0000 http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/#comment-278 Congress and the President set this limit by passing and signing the legislation. The IRS is the body responsible for enforcing this legislation, but the IRS cannot make their own laws. Congress and the President set this limit by passing and signing the legislation.
The IRS is the body responsible for enforcing this legislation, but the IRS cannot make their own laws.

]]> http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/comment-page-1/#comment-277 kate Thu, 25 Feb 2010 14:47:59 +0000 http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/#comment-277 The company is setting the .17 cents as a reimbursement for the gas you are buying. They should be adding the value of the personal use of the company owned auto to your W-2 at least once per year. The company is setting the .17 cents as a reimbursement for the gas you are buying. They should be adding the value of the personal use of the company owned auto to your W-2 at least once per year.

]]> http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/comment-page-1/#comment-275 butcher1 Thu, 25 Feb 2010 13:55:02 +0000 http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/#comment-275 The IRS does not have a reimbursement amount required for your situation. How you are taxed on the reimbursement depends on how the employer reports your personal and business use of the car. You need to ask them about how your compensation and reimbursement will appear on your W-2. That will tell you or your tax preparer how to report this compensation. The rules for this are in the IRS Publication cited. The IRS does not have a reimbursement amount required for your situation.
How you are taxed on the reimbursement depends on how the employer reports your personal and business use of the car. You need to ask them about how your compensation and reimbursement will appear on your W-2. That will tell you or your tax preparer how to report this compensation.
The rules for this are in the IRS Publication cited.

]]> http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/comment-page-1/#comment-276 ninasgra Thu, 25 Feb 2010 13:49:30 +0000 http://www.orange-county-accountant.com/does-the-irs-set-a-reimbursement-for-mileage-on-company-owned-cars/#comment-276 This says 14 cents but maybe its higher for 08http://search.irs.gov/web/query.html?col… > This says 14 cents but maybe its higher for 08http://search.irs.gov/web/query.html?col…
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