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Article Date:
July 2010

Word Count:



Reimburse Corporate Owner-Employee for Depreciation



I have your tax course.


Before purchasing your tax course, I bought a business SUV and then incorporated.


Your tax course says that my corporation can reimburse me for actual expenses on the SUV, including the Section 179 deduction and five-year MACRS depreciation.


My CPA says that I may not reimburse Section 179 or depreciation. Who’s right? (J.D.S., Springfield, Mass.)




Nice setup: Thanks! Guess who’s right? Your course, of course, and here are the facts.



IRS Reg. Section 1.62-2(d)(1) allows as ... Log in to view full article.

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