Repair loans as income.....

**chalupa** · 06.27.2012

I was working on my mid-year snap shot of my business. As I was reconciling the bank to my stubs I found a discrepancy. Earlier this year I took a $3500 "loan" from my carrier ( for parts and shop labor ) to put a new tranny in the truck....I paid it back in 7 pmts. He put the $3500 on my net income which is the discrepancy with the bank. Is that correct?

For clarity, I did not take any "cash" . I used his account at the re builder and the shop hours were simply billed.

Also, He's been rounding down my paychecks. Say he owes me $xxxx.94 and that's what appears on the settlement, the bank consistently shows $xxxx.93 as deposited. Sound right to you or is this another game of chingala the driver?? ( its always just a penny )

**MNdriver** · 06.27.2012

what did your employer say when you asked him why?

**chalupa** · 06.27.2012

I'll have to ask corporate and they will let me know whom to speak with.......

**MNdriver** · 06.27.2012

If you paid him back, no it doesn't make sense to me either.

**CondoCruiser** · 06.27.2012

Companies are always coming up with sneaky tricks. It's not right as it should be shown as an advance and the payroll deductions also shown cancelling it out.

But you can fix it on your tax return when you itemize. He's the one that has to worry if he gets audited.

A penny saved is a penny earned!

That might be a program error?