Personal Use Of Company Vehicle Worksheet. Web use of company vehicle the irs requires employers to provide certain information on their tax return with respect to the vehicles provided to employees. Cost or fair market value at date of lease:
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Cost or fair market value at date of lease: Web personal use of a company vehicle occurs when an employee uses a company vehicle for any purpose that is unrelated to the employer’s trade or business. This amount must be included in the employee's wages or reimbursed by the employee.
