undefined | Better HN

0 pointskijin6y ago0 comments

Things get a little more interesting if your company, not you, either owns or leases the vehicle.

0 comments

The same criteria will apply. Except in the case of your company owning the car, they will need to show the non-allowed usage as income to you, so that you can pay tax on it.

maratd6y ago

Things will get even more interesting during an audit if you use that company owned car for personal use. Especially if you only own one car.

jjeaff6y ago

And especially, if you own the company that owns the car.

j / k navigate · click thread line to collapse

0 pointskijin6y ago0 comments

Things get a little more interesting if your company, not you, either owns or leases the vehicle.

0 comments

jjeaff6y ago

The same criteria will apply. Except in the case of your company owning the car, they will need to show the non-allowed usage as income to you, so that you can pay tax on it.

maratd6y ago

Things will get even more interesting during an audit if you use that company owned car for personal use. Especially if you only own one car.

jjeaff6y ago

And especially, if you own the company that owns the car.

j / k navigate · click thread line to collapse