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Old 03-06-2016 | 07:44 PM
  #13568  
LR45 Driver
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Joined: Jan 2016
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From: LR45 Captain
Default Imputed Income

What are the advantages of the current arrangement, rather than paying out-of-pocket to get to your domicile and writing it all off?

Conservatively, I'd anticipate an additional tax liability on 6-8K of imputed income per year. What is the impetus for the office to shop the most economical fare (as i have skin in the game to pay for it)? Essentially, they are spending the money on your behalf, so is it all still a legal deduction?

Thanks in advance for the insight!

L45D
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