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re: Tax Question regarding Vehicle Allowance
Posted on 3/18/15 at 7:30 pm to tigeraddict
Posted on 3/18/15 at 7:30 pm to tigeraddict
My understanding is that if you get an allowance that is non-taxed (1099) then you cannot write off expenses on your tax return as it is an accountable plan. The only time (in my understanding) that you can write off vehicle expenses is if the allowance is taxed.
I'm sure someone will arrive to clarify or correct me.
I'm sure someone will arrive to clarify or correct me.
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