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Auto Expenses - Standard Mileage Rate

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    Auto Expenses - Standard Mileage Rate

    If an auto is owned by the S corporation owner what are the rules for deduction of the business miles by the S corporation.

    #2
    Accountable Plan needs to be establish to reimburse a shareholder-employee for the standard mileage rate on business use of his car.
    Is the owner a employee? Did he take distributions during the year?

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      #3
      Originally posted by geekgirldany View Post
      Accountable Plan needs to be establish to reimburse a shareholder-employee for the standard mileage rate on business use of his car.
      Is the owner a employee? Did he take distributions during the year?
      Yes the owner is the employee and yes he took distributions

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