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  • Cornell University Employer-provided Vehicle Certification Form 2021

Get Cornell University Employer-provided Vehicle Certification Form 2021-2025

University Payroll EmployerProvided Vehicle Certification Form Note: The IRS considers commuting to and from work to be personal use of an employer provided vehicle. The IRS requires that the.

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How to fill out the Cornell University Employer-Provided Vehicle Certification Form online

The Cornell University Employer-Provided Vehicle Certification Form is essential for reporting the personal use of an employer-provided vehicle. This guide offers clear steps to assist you in accurately completing the form online.

Follow the steps to fill out the form correctly

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin with Part I: Vehicle Usage. Indicate whether you used the employer-provided vehicle for personal travel between November 1, 2020, and October 31, 2021, by selecting 'Yes' or 'No'. If 'No', sign the certificate and return it; if 'Yes', proceed to the next section.
  3. In Part IIa: Method 1 - Cents-Per-Mile Computation, enter your personal mileage rate for the specified date ranges. Ensure the totals calculate automatically based on your entered mileage.
  4. Alternatively, if you qualify for Part IIb: Method 2 - Daily Commuting Value Computation, fill in the number of one-way commutes you made and note the charge per commute. The total will automatically calculate based upon your entries.
  5. Move to Part III: Employee Information and Certification. Fill in your name, employee ID number, unit/department name, phone number, email, and date.
  6. Sign the certification to verify the accuracy of the information provided. Once you have completed all sections, review your entries for accuracy.
  7. Finally, save your changes, and download or print the document to submit it. Return the completed form to the University Payroll address by November 20, 2021.

Complete your documentation online today for a smoother process!

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Saves Employees Upfront Investment Again, some employees could choose their financial freedom over such a job. A company car is a massive perk for such employees since they don't have to spend a single cent on the acquisition, insurance, or maintenance.

One such method, the Commuting Valuation Rule, values the commuting use of an employer-provided vehicle at $1.50 per one-way commute (e.g. from home to work or from work to home). This valuation would also include the value of any goods or services directly related to the vehicle, such as fuel.

Because PUCC is taxable, withholding occurs after the fact (imputed income). Imputed income most often results after the receipt of a noncash fringe benefit. For example, the value of the personal use of a company car (PUCC) is taxable as wages even though the employee didn't receive cash.

The maximum value of employer-provided vehicles first made available to employees for personal use in 2013 for which the fleet-average valuation rule may be applicable is $21,200 for a passenger automobile and $22,300 for a truck or van.

Under the lease value rule, determine the PUCC value by finding the vehicle's annual lease value. Exclude any amount the employee uses for business purposes. So, you would multiply the annual lease value by the percentage of personal miles (out of total miles) driven.

The actual value of fringe benefits provided must be determined by January 31 of the year following receipt of the benefit. Value of personal use of company car – subject to FICA/Medicare, FUTA, FITW & SITW.

Annual Lease Value Method To use the lease value rule, multiply the annual lease value of the car (via the IRS Annual Lease Value table) by the percentage of personal mileage driven. This will give you the Fair Market Value (FMV) of the employee's personal use of a company-provided vehicle.

Under IRS general rules, all use of a company car is considered personal use unless the employee documents the business use of the car. Personal use of a company vehicle generally results in taxable wages for the employee.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232