Employee works for Verizon. Gets $500 per month car allowance reported on W-2 as wages. This is a non accountable plan, she doesn't have to report her mileage to get the $500.
She's driven 19K miles visiting clients in her home city and small towns outside of metro area.I'm thinking she can claim this mileage at standard rate as an employee business expense subject to 2% of AGI ? She would use form 2106 to figure expenses.
Am I right on this treatment ?
She's driven 19K miles visiting clients in her home city and small towns outside of metro area.I'm thinking she can claim this mileage at standard rate as an employee business expense subject to 2% of AGI ? She would use form 2106 to figure expenses.
Am I right on this treatment ?
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