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IRS to Focus on Auditing Fleets for Personal-Use Reporting & Compliance

December 10, 2013

Last August, the IRS announced areas it will prioritize for audits in 2014, one of which is fringe benefits, especially the personal use of company vehicles. Managing personal-use compliance is a headache. It is also expensive, with internal costs ranging from $35 to $75 per year per vehicle. Here's what you need to do to be prepared should your friendly IRS agent come knocking on your front door.

Tags: Personal Use, IRS, Fleet Manager, Compliance

Author: Mike Antich | Posted @ Tuesday, December 10, 2013 12:00 AM | » Comments(1)



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