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I am assigned a company utility truck (registered at 19,000…

I am assigned a...

I am assigned a company utility truck (registered at 19,000 lbs). I travel daily to different locations in 5 or 6 different states every day to accomplish my work. Company policy denies me use of the vehicle for any personal use. Is this considered a taxable fringe benefit?

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1/2/2017
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
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If the truck is used 100% for business this would not be considered a fringe benefit. A fringe benefit would be only if you used the truck for personal use.

Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
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Customer reply replied 1 year ago
Under what section of the tax code is this found?
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