[bigsigh]

so can I have my corporation buy me a car and still drive it home?

[blackdog]

Only if you declare the mileage as income. That or let them buy it for you outright, and pay income tax on the full value of the purchased vehicle.

The average commute to and from work is 35 miles nationally. That means roughly $12 per day X 250 working days = $3,000 per year for commuting plus another five grand or so for other personal use. That's $8,000 per year income. That's not chump change.

I declared 25% of my mileage as personal use and paid the tax on that. When I left the firm, the $22,000 value left on the car was negotiated to $14,000 and I paid the tax on the $22,000.