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):
- 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) ...
- 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 ...
- 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.
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...