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IRS changes maximum-vehicle-value rule

by Sally P. Schreiber, J.D. | May 17, 2019   ()

The IRS intends to revise its regulations to make them consistent with the recent statutory changes to the automobile price inflation adjustment in Sec. 280F(d)(7), which affect the vehicle value that applies when valuing employees’ personal use of employer-provided vehicles (Notice 2019-34).
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Source: Journal of Accountancy

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