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Car expenses for corporations

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    #1

    Car expenses for corporations

    When a taxpayer forms an s or c-corp and has business mileage for his personal car related to the corporation, is there a deduction available to him, and if so, where is it taken? I would assume that if he is an employee of an s-corp, he could deduct mileage on a 2106.
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    #2
    Accountable Plan

    I would have your client set up an accountable plan for the mileage used on the auto. S-Corp gets the deduction and is not taxable to the employee/shareholder.

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