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2015 Personal Use of Vehicles Worksheet Company Name: Vehicle #: Year & Make: 2015 Total Miles: 2015 Commuting & Personal Miles: Fair Market Value: Number of Days Available for Use in 2015: Employee

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What is personal use of vehicles?

Personal use of vehicles refers to using a vehicle for non-business purposes, such as commuting or personal errands.

Who is required to file personal use of vehicles?

Employees who use company-owned vehicles for personal use are typically required to report the value of that personal use to the IRS.

How to fill out personal use of vehicles?

To fill out personal use of vehicles, employees usually need to keep track of their mileage and report it to their employer for tax purposes.

What is the purpose of personal use of vehicles?

The purpose of reporting personal use of vehicles is to ensure that employees are properly accounting for the value of their personal use of company-owned vehicles for tax purposes.

What information must be reported on personal use of vehicles?

Information that must be reported on personal use of vehicles typically includes the mileage driven for personal use, the value of that personal use, and any reimbursements made.

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