Proposed IRS regulations are out on personal use of employer-provided vehicles. If an employer provides an employee with a vehicle for business and personal use, the value of the personal use must generally be included in the employee’s income. And benefits paid as remuneration for employment, including personal use of these vehicles, generally are also wages for purposes of various federal regulations. The new proposed regulations concern special valuation rules to use in determining the amount to include in an employee’s gross income. They address vehicle cents-per-mile valuation, fleet-average valuation and more. Taxpayers may rely on them until final regulations are published.