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CHURCH FINANCES
Leased Vehicles
If an employee uses a church-owned or church-leased vehicle,
any personal use of that vehicle is considered a noncash fringe
benefit. The fair market value of the cost of using that vehicle
is taxable, and should be included on the W2 as compensation (unless
the value is reimbursed to the church by the minister).
Miles driven for personal use
X
IRS mileage rate
=
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