Previously, only drivers who owned their vehicles could deduct expenses in this manner. The driver of a leased vehicle always had the option of deducting actual expenses, but this ruling by the IRS makes it a lot easier for taxpayers to receive a tax free business reimbursement when operating a personally leased vehicle on business for their employer. A FAVR Allowance combines a fixed payment, that recognizes ownership costs such as insurance, depreciation, and license and registration fees, with a variable payment, based on miles driven, that addresses operating costs such as fuel, oil, tires, and maintenance. For further information on vehicle costs, contact Runzheimer International, Runzheimer Park, Rochester, Wisconsin 53167. Trends Compact Natural Gas Tank Energy gurus say natural gas beats petroleum-based fuels hands down.
Supplies are vast and widely distributed.
It doesn't need to be refined. And pipelines from wells to cities have existed for decades. What's more, it burns cleaner than gasoline or diesel fuel. Despite these advantages, natural gas hasn't fired the imagination of car buyers. And with good reason.