Posted by
Poor Richard Reborn on Friday, December 28, 2007 10:33:33 AM
An employee or business owner that uses a company car as an essential part of a job - for example a service tech or an outside salesperson – would not pay tax on the expenses the company reimburses. On the other hand, an employee cannot automatically exclude from income every dollar s/he might call a business expense. The New IRS would have to make rules for employers to follow that would be fair to employees, small business owners, employers and the rest of Americans.