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.
Log in to view full article
You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
with a money-back guarantee
Cookie Notice
This website uses cookies and similar technologies to support essential site functions, maintain security, remember your preferences, and improve your experience. By continuing to use this website, you acknowledge our use of cookies as described in our
[Privacy Policy].