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Unique (?) tax question

Discussion in 'Questions From New Drivers' started by ConfusedWife, Apr 20, 2016.

Page 3 of 3

Apr 21, 2016 #21

Raezzor Quis custodiet ipsos custodes?

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How can he deduct it if the company is paying an estimated amount in addition to the mileage rate to cover fuel? Wouldn't that be considered a reimbursed expense?

Raezzor, Apr 21, 2016

Raezzor, Apr 21, 2016

#21
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Apr 21, 2016 #22

Accidental Trucker Road Train Member

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If he were an employee, yes, it would be a reimbursed expense.

Since he's a company, he basically buys fuel and charges the company for it. Cost of providing the service.

Accidental Trucker, Apr 21, 2016

Accidental Trucker, Apr 21, 2016

#22
Apr 22, 2016 #23

Raezzor Quis custodiet ipsos custodes?

1,412

1,186

Aug 1, 2009

Columbus, OH

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Ahhh I see, thanks for that.

Raezzor, Apr 22, 2016

Raezzor, Apr 22, 2016

#23