A Free Ride

Document Type



Published by American Institute of Certified Public Accountants in Journal of Accountancy , volume 177, Issue 4, Page 28.

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Publication Source

Journal of Accountancy


Reports on the Energy Policy Act of 1992's amendment to the Internal Revenue Code section 132. Increase in tax exclusion for transit passes; Limit on the excludable value of employer-provider parking; Provisions of the Internal Revenue Service (IRS) notice 94-3 (1994-3 IRB); Effectivity of the de minimis fringe rules for parking and transit passes provided to partners, shareholders of S corporations and independent contractors.