Discussion:Non-Reimburesed Employee Vehicle Expense
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Discussion Forum Index --> Advanced Tax Questions --> Non-Reimburesed Employee Vehicle Expense
Discussion Forum Index --> Tax Questions --> Non-Reimburesed Employee Vehicle Expense
| 15 January 2008 | |
| I have a client who works for a hard wood flooring company. He owns two vehicles and one he uses everyday to haul tools to and from jobs. He is not reimbursed at all and owns a seperate vehicle used for personal use. Can he depriciate his work vehicle or deduct mileage? | |
| 15 January 2008 | |
| As an employee your client can claim his vehicle expenses as Employee Business Expenses, a miscellaneous deduction subject to the 2% floor on Schedule A. He may claim either actual expenses incurred (gas, maintenance, repairs, registration, insurance, depreciation, etc.) or he may claim cents/mile. Both methods require written evidence of business use. There are various facets of this you ought to research including the issue of which of his daily trips must be considered his "commute" vs. claimable miles. Suggest you research this thoroughly before presenting options to the client. | |
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