Article Date:
June 2006


Word Count:
294

 

 

Personal Car Used for Corporate Business


I operate my business as an S corporation. My wife works in the business with me and my other two employees. She uses her car for sales calls, driving 30,000 miles this year. The car is registered to us personally, but we have the corporation pay the insurance premiums and other expenses. Are we better off paying the expenses personally and then having the corporation reimburse us, or can we just leave this as it is? (M.W., Enfield, ... Log in to view full article.

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