Last August, the IRS announced areas it will prioritize for audits in 2014, one of which is fringe benefits, especially the personal use of company vehicles. Managing personal-use compliance is a headache. It is also expensive, with internal costs ranging from $35 to $75 per year per vehicle. Here's what you need to do to be prepared should your friendly IRS agent come knocking on your front door.
Alternative-Fuel Tax Credits for Fleets
Many eligible fleets may be leaving money on the table by not filing for alternative-fuel tax credits. The filing process isn’t as tricky as it may appear to be.