Quote:
Originally Posted by Scott R
Clearly it differs greatly company to company as I read this. I get a new car every 12 months, we have normally four choices and we just pick. I do not have a cap on personal miles, nor do I have to report it. All fuel, insurance, maint, parking etc is covered. Any authorized driver that I allow can drive the car.
(just got my new one on Saturday actually dropped of my Rover for the BMW)
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So if I understand you correctly, the value of personal use is not added to your w2. That is a real bonus but the IRS would love to catch up with you and your company on that. Hope your good fortune continues.