Discussion:S Corp Auto
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Discussion Forum Index --> Tax Questions --> S Corp Auto
| 26 January 2006 | |
| If a 2% SH of an S Corp uses the company vehicle 100% of the time and 90% of that time is commuting, does he need to recognize this value as wages? | |
| 29 January 2006 | |
| Yes. Personal use is always wages regardless of how much ownership the shareholder has. The same applies to non-shareholder employees. | |
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