Tax Information Home about commercial car leasing topics - alphaleasing.com
Commercial car leasing resources and articles
New Page 1

Tax Information
The Tax Code Relevant to Business Use Vehicles

 This section of our website contains tax related information related to the Leasing and Purchasing of vehicles.  The information is divided into three main categories:

  1. IRS Tax Code-This category contains the actual Tax Code related to Leasing and Purchasing Vehicles.

  2. Publications - This category contains IRS Publications relating to Leasing and Purchase Vehicles.

  3. Examples - This category contains various examples of how the tax code relates to the Leasing and Purchasing of Vehicles.

  4. Explanations - This category contains various explanations of the tax code related to the Leasing and Purchasing of Vehicles.

IRS Tax Code

Section 280F

 Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes

Section 168

 Accelerated Cost Recovery System

Section 167

 Depreciation

Section 4064

 Gas guzzler tax
Section 4217 Gas Guzzler Tax & Leasing
Section 4001 Luxury Passenger  Automobiles- Imposition of Tax
Section 4002 Luxury Passenger  Automobiles - 1st retail sale; uses, etc. treated as sales; determination of price
Section 4003 Luxury Passenger Automobiles - Special Rules
Section 178 Amortization of Cost of Acquiring  a Lease
Section 62 Adjusted gross income defined - Accountable Plans
   

Private Letter Rulings
 20040005 Passenger Cars and Sport Utility Vehicles are Like-Kind Exchanges
   

IRS Publications

Publication 15-B Changes Important Changes for 2004
Publication 15-B Employer's Tax Guide to Fringe Benefits - For Benefits Provided in 2003
   

Tax Examples
30% Bonus Depreciation 30% bonus depreciation for business equipment.  Technical explanation by Congressional Joint Tax Committee
   

Tax Analysis & Explanations
Revenue Proc. 2010-24 2010 Limitation on Section 179 Expense.
Revenue Proc. 2010-18 2010 Limitation on Depreciation for Auto Owners and Lessees, and Lease Inclusion Tables.
Cash For Clunkers CONSUMER ASSISTANCE TO RECYCLE AND SAVE PROGRAM
Revenue Proc. 2009-24 2009 Limitation on Depreciation for Auto Owners and Lessees, and Lease Inclusion Tables.
Revenue Proc. 2008-72 2009 Automobile Mileage Reimbursement Rates
Revenue Proc. 2008-22 2008 Limitation on Depreciation for Auto Owners and Lessees, and Lease Inclusion Tables.
Taxable Value of Personal Use Taxable Value of Personal Use of Employer Provided Vehicle- How much income should be shown on the W2 ?
HR5140

The Recovery Rebates and Economic Stimulus for the American People Act of 2008
Rev Proc. 2007-70 2008 Mileage Rates, Employee Travel Reimbursement Standards
Rev Proc. 2007-30 2007 Limitation on Depreciation for Auto Owners and Lessees, and Lease Inclusion Tables.
Rev Proc. 2007-66 This revenue procedure sets forth inflation adjusted items for 2008, including Section 179.
Rev Proc. 2006-18 2006 Limitation on Depreciation for Auto Owners and Lessees, and Lease Inclusion Tables.
Rev Proc. 2005-13 2005 Limitation on Depreciation for Auto Owners and Lessees, and Lease Inclusion Tables.
Rev Proc. 2004-64 Contains the optional standard mileage rates for 2005 for business, charitable, medical or moving purposes. 
Rev Proc. 2004-60 Employee Travel Expense Substantiation 
IR-2004-139 2005 Standard Mileage Rates Set
TD 9146 Guidance relating to the election to deduct the cost of certain tangible property and computer software.
Temp. Procedure 9115 Depreciation of MACRS Property That is Acquired in a Like-kind Exchange or As a Result of an Involuntary Conversion  
Rev. Proc. 2004-20 Limitation on Depreciation for Auto Owners and Lessees.
Private Letter Ruling 200450005 Qualification of exchange of sport utility vehicles (SUVs) for automobiles as like-kind exchange.  Exchange of a truck for an automobile or a SUV is not a like-kind exchange.
Rev. Proc. 2003-80 Employee Travel Expense Substantiation
Rev. Proc. 2003-76 Contains the optional standard mileage rates for 2004 for business, charitable, medical or moving purposes. 
Rev. Proc. 2003-75 2003 Depreciation Limitations Lease Income Inclusions
Rev. Proc. 2002-61 2003 Standard Mileage Rates
Rev. Proc. 2002-14 Depreciation Limitations Lease Income Inclusions
2002 Tax Act Highlights of the Job Creation and Worker Assistant Act of 2002
Regulation 1.62-2 Reimbursements and other expense allowance arrangements-Accountable Plans
Rev Proc 99-7 Under what circumstances are daily transportation expenses incurred by a taxpayer in going between the taxpayer’s residence and a work location deductible under § 162(a) of the Internal Revenue Code? 

Do you have any questions or need any additional information?
Call us Monday through
Friday 8:00 am - 5:00 pm (EST)
 1-800-800-5327
 email us at
  info@alphaleasing.com
or fill out a
General Info Request

Is your vehicle used for Business?
 Saving Taxes is as much fun as saving money.
 Call our business/Fleet Specialists
 at 1-800-800-5327
or email us at BusinessVehicles@alphaleasing.com

Industry leading commercial car leasing solutions!