Discussion:Personal use of employer gas card
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| Revision as of 01:09, 15 March 2008 Aunt Emmy (Talk | contribs) (Aunt Emmy never) ← Previous diff |
Revision as of 04:03, 15 March 2008 PostingFromWork (Talk | contribs) (Aunt Emmy, while) Next diff → |
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| {{ForumReplyPost|UserID=Aunt Emmy|Date=15 March 2008|Text=Aunt Emmy never at a loss for gas.}} | {{ForumReplyPost|UserID=Aunt Emmy|Date=15 March 2008|Text=Aunt Emmy never at a loss for gas.}} | ||
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| + | {{ForumReplyPost|UserID=PostingFromWork|Date=15 March 2008|Text=Aunt Emmy, while I love your corn squeezin and pickled egg fueled exuberance as much as the next man, please, I beg you, stay away the corned beef and cabbage. Ya killed my parrot and woke Grampy Jack from the dead last time. | ||
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| + | Anyway, Report the reimbursements and allowances on the 2106 as normal. The extra get carried over to wages line of the 1040. The real question is if the extra is subject to FICA and Medicare... 4317 or 8919 anyone? | ||
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| + | PS: Grampy Jack says thanks for the new tires. He said you'd knew what he'd mean.}} | ||
Revision as of 04:03, 15 March 2008
Discussion Forum Index --> Advanced Tax Questions --> Personal use of employer gas card
Discussion Forum Index --> Tax Questions --> Personal use of employer gas card
| 14 March 2008 | |
| I would appreciate any advice on the following issue: Client is employed and uses his vehicle 90% for employment purposes. The employer provides client with a gas card and pays him a monthly allowance of $500. However, neither the allowance nor the 10% personal portion of gas is reported on form w-2.
Where client deducts 90% of his actual auto exps and depreciation on form 2106 (including bonus 179), how would one account for the allowance and 10% of the gas? I presume that I should report the allowance as a reimbursement on 2106, but I am at a complete loss as for the gas. | |
PostingFromWork (talk|edits) said: | 15 March 2008 |
| Aunt Emmy, while I love your corn squeezin and pickled egg fueled exuberance as much as the next man, please, I beg you, stay away the corned beef and cabbage. Ya killed my parrot and woke Grampy Jack from the dead last time.
Anyway, Report the reimbursements and allowances on the 2106 as normal. The extra get carried over to wages line of the 1040. The real question is if the extra is subject to FICA and Medicare... 4317 or 8919 anyone? PS: Grampy Jack says thanks for the new tires. He said you'd knew what he'd mean. | |
