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    #1

    Self Rental

    Taxpayer operating a trucking company under 1120 S. Draws a reasonable salary. Owns his tractor individually and rents to corporation. Need court cases and Regulations concerning rent paid to taxpayer for rental of his tractor.

    Thank you.
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    #2
    Does the corporation have a written Accountable Plan?
    Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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      #3
      What exactly is the reason you are asking?

      Are you asking if it is allowable? Is the IRS questioning it, and if so, what exactly are they questioning?

      The more information you can provide about why you are asking this, the more likely somebody will be able to point you in the right direction.

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        #4
        Lots of questions?

        Is there a written lease between the parties? does the individual pay for operating expenses (Repairs etc)? Are the terms of the lease followed - who pays for items and the lease payment monthly. Does the 1040 recording give income or a loss? Is lease on Schedule C?

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