Business and Personal Use Vehicles

Summary

There are several different ways for deducting expenses related to vehicles. For example, the employer could own the vehicle  and deduct actual expenses. Alternatively, the employee could own the vehicle and receive reimbursement for business use through an accountable plan.  Which is better—the employer owning the vehicle or the employee? In this webinar, we will discuss how to treat business and personal use vehicles and what can be deducted.

Objectives

Upon completion of this course, you will be able to:

  • Calculate the taxable income from the personal use of an employer-provided vehicle.
  • Identify the benefits of an accountable plan.
  • Identify the deductible expenses related to a vehicle.

Course Details

Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.




   

Presented by: Laura Strombom, EA, MBA, NTPI Fellow

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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