Friends,
I m in middle of the negotiation for a new job in US where the company is providing me a car. I m assuming I would use this car for both personal use (house to work) and business use. Say 50:50 for both the uses. Consider the expenses as lease value, gas, insurance and maintainence.
Which of these expenses would be reported on my W-2? And how would the company calculate it?
Help would be appreciated!!!
Company Car
Moderator: Mark T Serbinski CA CPA