Can S-Corp officer deduct auto expenses?
Can S-Corp officer deduct auto expenses? To deduct the expenses of a vehicle that is owed personally by the business owner, the S-Corp can reimburse the employee expenses under an accountable plan or a non-accountable plan. The reimbursements are not taxable income to the business owner nor are they reported on their W-2. How do you write off a car with an S-Corp? S corp owners who classify as employees can't take a car tax write-off as a sole proprietor can. Instead, write a reimbursement check from your S corp to your individual bank account for the business use of...