Is there a taxable benefit?
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Is there a taxable benefit?
Answer
Reduce the value of the benefit based on the number of days a vehicle was used for business purposes versus the total number of days the employee had the use of a parking spot.
You have told us:
- The employee is eligible for a proration of a parking benefit because the employee uses a vehicle for business purposes but not frequently enough to constitute "regularly".
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- Date modified:
- 2016-12-08