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fixed and variable rate allowance (FAVR)

An IRS tax provision that allows employers to reimburse employees in periodic fixed or variable payments for the use of their own vehicles for work-related activities.

Related information about fixed and variable rate allowance (FAVR):
  1. Internal Revenue Bulletin - December 20, 2010 - Rev. Proc. 2010-51
    Dec 20, 2010... business standard mileage rate or a fixed and variable rate allowance (FAVR allowance) (as provided in section 6 of this revenue procedure) ...
     
  2. Fixed and Variable Rate Allowance (FAVR) Definition | Investopedia
    A way of reimbursing employees who use their own or leased vehicles for work- related activities. FAVR payments must be made at least quarterly. Certain ...
     
  3. Fixed and Variable Rate Allowance - FAVR: Definition from Answers ...
    Allowable method for computing a business automobile mileage allowance that is not reported as wages on Form W-2.
     
  4. What is FIXED AND VARIABLE RATE ALLOWANCE (FAVR ...
    Definition of FIXED AND VARIABLE RATE ALLOWANCE (FAVR): A stipend for employees to use for transportation. They drive themselves and are ...
     
  5. What is fixed and variable rate allowance (FAVR)? - InvestorWords ...
    Definition of fixed and variable rate allowance (FAVR): An IRS tax provision that allows employers to reimburse employees in periodic fixed or variable payments ...
     
  6. What is fixed and variable rate allowance (FAVR)? definition and ...
    Definition of fixed and variable rate allowance (FAVR): A stipend given to employees who utilize their own vehicles for work related travel. The allowance covers ...
     
  7. What is variable rate? definition and meaning
    Mentioned in these terms. fixed and variable rate allowance (FAVR) · advertise here. Nearby Terms. variable overhe... variable pay · variable pricin... variable ...
     
  8. Standard Mileage Rates for 2010 Released - CBIZ
    Dec 9, 2009 ... Finally, the procedure explains the fixed and variable rate allowance (FAVR) rules that payors can use to reimburse business expenses paid or ...