Friday, November 21, 2008

IS YOUR VEHICLE OWNED BY YOUR CORPORATION?

If you are a corporation with a vehicle owned by the corporation, don't forget to add back to your W-2 the personal use of your corporate vehicle. The IRS has charts on how to calculate per use. Check out www.irs.gov for more information.

If you have any questions, please feel free to contact us.

Larry Kopsa CPA