Is the vehicle you use for your S corporation business titled in your personal name?
How about your spouse’s vehicle? In whose name is it titled, and do you or your spouse use that personal vehicle for S corporation business?
Let’s say you have vehicles titled personally but used for S corporation business. Does the S corporation pay some or all of the vehicle expenses? Should it?
If this is your situation, you are traveling in the murky and mucky waters of a tax law swamp. Why? That S ... Log in to view full article.