qbteachmt
Level 15
02-23-2024
04:33 PM
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"When I enter the vehicle in the S-Corp,"
Is the car now owned, titled and insured by the S Corp with little to no personal use (which would be taxable through payroll)?
Or, is the car now considered a personally owned vehicle, and your employee-shareholder will be turning in business mileage reports for reimbursement under An Accountable Plan?
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers