The Internal Revenue Service (IRS) and the Treasury Department have issued a correction to a previously proposed rule about the definition of qualified nonpersonal use vehicles. The correction pertains to the contact information of a person named Stephanie Caden, which was published in the Federal Register on December 3, 2024. Interested parties can send comments or request a public hearing by March 3, 2025. Comments can be submitted electronically through the Federal eRulemaking Portal or sent via mail to the IRS.
Simple Explanation
The IRS and Treasury Department made a small correction to a previous announcement about which vehicles businesses can use and not count for personal driving. They fixed a mistake about who to contact for questions, and people have until March 3, 2025, to share their thoughts or ask for a meeting.