Discussion:Auto purchase - can S-Corp reimburse car payment?
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> Auto purchase - can S-Corp reimburse car payment?
Discussion Forum Index --> Tax Questions --> Auto purchase - can S-Corp reimburse car payment?
| 2 June 2008 | |
| I'm a 100% shareholder in an S-Corp. I currently use an accountable plan for automobile expenses and am reimbursed for business use percent of gas, oil, and care care/maintenance. The car is used about 90% for business use.
I'm in the process of purchasing a new car for $20,000. My question is 1. can the S-Corp reimburse me the business use percentage(approx 90% each month) of the monthly car payment? Thanks Clint | |
| 2 June 2008 | |
| means 'fill out your profile if you expect a polite response'
damnit | |
To join in on this discussion, you must first
log in.
