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re: Anyone in sales and have a car allowance/gas card?

Posted on 2/21/13 at 1:45 pm to
Posted by skidry
Member since Jul 2009
3304 posts
Posted on 2/21/13 at 1:45 pm to
You need to do both. You need to pay taxes or take a deduction based on if your reimbursement (and gas money) is more or less than the mileage would come out to be. Instead of mileage you can do actual expenses including depreciation. I think....

Just reread the OP. IF you are paying taxes on the car allowance, you absolutely need to turn in your mileage and any other expenses you incur while providing a vehicle to your employer. Most vehicle allowances are not taxed though because they are seen as a reimbursement.
This post was edited on 2/21/13 at 2:44 pm
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69967 posts
Posted on 2/21/13 at 1:51 pm to
PAGINGG POODLEBRAIN
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 2/21/13 at 2:04 pm to
Any money received as a reimbursement for a personal expense for corporate purposes is not taxed.
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