Operations

Colo. Employees May Owe Back Taxes for Take-Home Vehicles

December 13, 2016, by Roselynne Reyes

More than 1,000 Colorado state employees may owe back taxes for using take-home vehicles. The Office of the State Auditor reported that the state underreported vehicle fringe benefits for employees' commutes, and the state employees who used them may be liable for the back taxes.

Under the state's take-home vehicle program, employees are permitted to take home a state-owned vehicle as long as the state agency can show that the employee's commute is an efficient and cost-effective use of the state fleet. The audit found that, of the $1.54 million spent on the program in calendar year 2015, close to 90% of spending did not meet these requirements.

For this investigation, the audit surveyed the information for 30 commuters of the 782 on record. Rather than explaining how the employee's commute would promote fleet efficiency, 29 vehicle justifications either cited public safety or agency efficiency as their vehicle justification.

The report recommended that the state works with the Attorney General and tax specialists to assess its compliance with IRS requirements, revise rules on take-home vehicles, and take steps to ensure employees correctly reimburse the state.

Read the full audit here.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

Hi everyone! Just wanted to remind you about fleetDOCs, our library of fleet-related documents. Users can upload any relevant fleet...

View Topic

How many of you use bench marking in regards to Fleet stats? am interested learning and participating with bench marking and how it...

View Topic

Fleet Documents

1019 Fleet Documents (and counting) to Download!

Sponsored by

A not-for-profit association for professionals who manage fleets of sedans, public safety vehicles, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for organizations across the globe

Read more