This chapter discusses the rules you must use to determine the
value of a fringe benefit you provide to an employee. You must
determine the value of any benefit you cannot exclude under the rules
in chapter 2 or for which the amount you can exclude is limited. See
Including taxable benefits in pay under Are Fringe
Benefits Taxable? in chapter 1.
In most cases, you must use the general valuation rule to value a
fringe benefit. However, you may be able to use a special valuation
rule to determine the value of certain benefits.
This chapter does not discuss the special valuation rule used to
value meals provided at an employer-operated eating facility for
employees. These rules are discussed in section 1.61-21(j) of
the regulations. This chapter also does not discuss the special
valuation rules used to value the use of aircraft. These rules are
discussed in sections 1.61-21(g) and (h) of the regulations.
This chapter discusses the general valuation rule and the following
special valuation rules for employee transportation benefits.
- Cents-per-mile rule
- Commuting rule
- Lease value rule
- Unsafe conditions commuting rule
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