Bookkeeping – Auto Costs Related to Owners and Family Members (Lesson 62)

Deductible Auto Costs

The Internal Revenue Service scrutinizes expenses that can and often are benefits to owners.   The most common benefit is the use of a company owned car for personal travel including using the car to get to and from work.   Owners would love to have this cost of travel paid by the company and deductible for tax purposes.

This content is for Bronze, Silver, One-Time and Contractor’s Diagnostic members only.
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