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re: Company Vehicle : Do my employees buy gas or do I?

Posted on 1/15/13 at 7:51 pm to
Posted by Lefty Diego
West of the Pecos
Member since Aug 2009
702 posts
Posted on 1/15/13 at 7:51 pm to
I have never heard of having the employee pay for fuel in company issued vehicles. Our company vehicles have a fuel card issued with them and the company picks up all expenses related to the vehicle. The vehicle is used for company business only. You will need to check the IRS rules on vehicles and how they are used. They can be considered compensation depending on use. Also, insurance coverage, non employee passengers etc. Im sure someone with more knowledge will chime in soon.
Posted by lsufanintexas
Member since Sep 2006
5011 posts
Posted on 1/15/13 at 8:01 pm to
That's what I thought.

Thanks
Posted by jonboy
Member since Sep 2003
7138 posts
Posted on 1/16/13 at 7:52 am to
There is a "personal use" tax associated with company vehicles. I'm not sure how it's calculated but mine was $700 this year.
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