Posts Tagged ‘fringe-benefit’

Take-home cars in Montgomery County a taxing concern

Thursday, May 5th, 2011

On top of questions about accountability, Montgomery County’s mismanagement of its fleet of take-home cars has also left officials scrambling to unravel troublesome tax issues. Some employees have essentially treated government cars as a fringe benefit but might not have reported that extra income on their tax returns, county officials and tax experts said. Employees who have used government cars for private purposes or failed to properly reimburse the county for the cost of their commutes should, in theory, send the Internal Revenue Service amended returns and a check to cover unpaid taxes, tax experts said. Read full article > >

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Take-home cars in Montgomery County a taxing concern