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FAVR

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AcronymDefinition
FAVRFriends Aware of Violent Relationships (Fond du Lac, WI)
FAVRFixed And Variable Rates (insurance)
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FAVR Allowances Business-related expenses incurred by an employee in driving his or her owned or leased automobile are deemed substantiated under a qualified plan when the employer reimburses the expenses with a qualifying fixed and variable rate (FAVR) allowance.
Accountable plans, reimbursements and per-diem allowances by Christensen, Anne L. / The Tax Adviser
For 1993, the FAVR allowance can be based on the costs associated with a standard auto that costs no more than $23,900 (up from $22,500).
Tax talk by Green, Gary L., Jr. / The National Public Accountant
 
 
 
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