Utah Admin. Code R27-3-8 - Exemptions from IRS-Imputed Daily Fringe Benefits
(1) Commute and personal use of vehicles are
considered a taxable fringe benefit as outlined in
26 CFR
1.61-21. Approved commute use drivers shall
be assessed the IRS-imputed daily fringe benefit rate while using a state
vehicle for commute or personal use. The division shall notify the Division of
Finance of this authorization. The Division of Finance shall then enter the
authorized driver's fringe benefit into the payroll system.
(2) The State standard for tracking and
recording daily fringe benefits is established by the Division of Finance in
policy.
(3) Tax exemptions for
commuting or personal use must be in accordance with
26 CFR
1.61-21 and must be approved by the employing
agency.
(4) Any agency claiming an
IRS exemption must maintain a file justifying the exemption and must be
prepared to explain the agency's position in the case of an IRS
audit.
Notes
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