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.