Question

I operate my business as an S corporation. Is there a way to achieve tax deductions if I store the S corporation–owned vehicle in the garage at my personal home?

I think that it’s possible for the S corporation to reimburse me for the garage as an employee business expense somewhat along the same lines as it reimburses me for my home office. What do you think?

Answer

We commend you on your thought process, but we don’t think this works.

The first problem, ... Log in to view full article.