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IRS Update of Method Thresholds for Vehicle Fringe Benefits
American Institute of Certified Public Accountants [AICPA] [Guidance Overview] Jan. 20, 2010 Excerpt: The IRS has updated for 2010 (Revenue Procedure 2010-10) the maximum allowable fair market value (FMV) of an employer-provided vehicle for which the cents-per-mile and fleet-average rules may be used in determining the value of an employee's personal use of the vehicle. |
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