document.createElement(‘aside’);

http://www.accountingtoday.com

Print

Email

Reprints

The Internal Revenue Service has issued the maximum vehicle values for 2016 that taxpayers need to determine the value of personal use of employer-provided vehicles.

The vehicle value is used under the special valuation rules provided under section 1.61–21 (d) and (e) of the Income Tax Regulations, which apply to the taxation of fringe benefits. In Notice 2016-12, the IRS said the maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2016 for which the vehicle cents-per-mile valuation rule provided under section 1.61–21(e) may be applicable is $15,900 for a passenger automobile and $17,700 for a truck or van.

The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2016 for which the fleet-average valuation rule provided under section 1.61–21(d) may be applicable is $21,200 for a passenger automobile and $23,100 for a truck or van. That section of the regulations describes the valuation rule for automobile leases.

The notice applies to employer-provided passenger automobiles first made available to employees for personal use in calendar year 2016.

Be the first to comment on this post using the section below.

‘);
var $text = $(”).text(text);
var $meta = $(”);

var $newComment = $comment.append($text).append($meta);
if ($(‘.no-comments’).length) {
$(‘.no-comments’).after($(”).append($newComment));
$(‘.no-comments’).remove();
} else {
$(‘#comments-box .comment’).last().after($newComment);
}

$(‘.comments-count’).each(function(){
$(this).text(+$(this).text()+1);
});
}

function ajaxBusyTest() {
buttonOff();
setTimeout(buttonOn, 3000);
}

var commentOptions = {
client_id: ‘webcpa_news’,
story_id: ‘77171’,
user_id: ”,
comment_message: ” // textarea or NOCOMMENT
};

function postComment(options, callback, doButtonOff) {
callback = callback || function(){};
doButtonOff = typeof doButtonOff === ‘undefined’ ? true : doButtonOff;

var opts = $.extend(true, {}, commentOptions);
$.extend(true, opts, options);

if (doButtonOff) buttonOff();

$.ajax({
type:”POST”,
url: ‘/apps/custom/ajax_post_comment.php’,
data: opts,
success: function(data) {
callback($.parseJSON(data));
if (doButtonOff) buttonOn();
}
});
};

function showNotification(message) {
$.fancybox(message+’

Return to article.’);
};

$.fn.extend({
charWarden: function (outSelector, limit) {
return this.each(function(){
var $this = $(this);
var $out = $(outSelector);
var _limit = limit;
var _chars = 0;
function handler(e) {
_chars = e.target.value.length;
var left = _limit – _chars;
if (left = (page-1)*listCount i 3 (page (pageCount -2)) {
showMin = pageCount – 4;
if (showMin ‘;
if (page 1) {text += ‘

«

‹

‘;}
while (count ‘ + count + ”;
if (showMax != count) {
text += ‘ | ‘;
}
text += ”;
count++;
}
if (page ›

»

‘;}
text += ”;
$(pagination).html(text);
}
function scrollToTop(){
$(‘html, body’).animate({
scrollTop: parseInt($(“#comments”).offset().top)
}, 700);
}
showPage(page);
if (pageCount 1){
buildPagination(page,pageCount);
$(pagination+” li.arrow_double_right a”).live(‘click’,function(){
page = pageCount;
showPage(page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.arrow_right a”).live(‘click’,function(){
showPage(++page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.numbers a”).live(‘click’,function(){
page = $(this).data(‘number’);
//console.log(“pageCount: “+pageCount+” page: “+page);
showPage(page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.arrow_left a”).live(‘click’,function(){
showPage(–page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.arrow_double_left a”).live(‘click’,function(){
page = 1;
showPage(page);
buildPagination(page,pageCount);
scrollToTop();
});
}
}

$(function(){ // DOM ready
paginateComments();
$(‘.scroll-into-view’).each(function(i){if (i == 0) this.scrollIntoView();});

$(‘.reset-form’).click(function(e){
e.preventDefault();
this.form.reset();
});

$(‘#comment_message’).charWarden(‘#chars-remaining’, 4096);

$(‘.comment-notify’).click(function(e) {
e.preventDefault();
var options = {
comment_notify: ‘TRUE’,
comment_message: ‘NOCOMMENT’
};
var notification = function(data) {
if (data.success) {
$(‘.not-following’).hide();
$(‘.following’).show();
showNotification(data.success);
} else if (data.error) {
showNotification(data.error);
}
};
postComment(options, notification);
});

$(‘#wrapperForm’).on(‘submit’, function(e) {
e.preventDefault();
var options = {
comment_notify: $(‘#comment_notify’).prop(‘checked’) ? ‘TRUE’ : ”,
comment_message: $(‘#comment_message’).val()
};
var notification = function(data) {
if (data.success) {
if ($(‘#comment_notify:checked’).length) {
$(‘.not-following’).hide();
$(‘.following’).show();
}
document.wrapperForm.reset();
addPostOptimistically(options.comment_message);
$(‘#comment_message’).change();
} else if (data.error) {
showNotification(data.error);
}
};
postComment(options, notification);
});

$(‘a.username’).fancybox({
‘hideOnOverlayClick’: false,
‘centerOnScroll’ : true,
‘autoScale’ : false,
‘autoDimensions’ : false,
‘width’: 435,
‘height’: 205,
‘onClosed’: function() {
if ($(‘#do-refresh’).length) location.reload();
}
});
}); // end DOM ready
})(jQuery);