Originally Posted by
LR45 Driver
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
IRS rules do not allow you to write off commuting expenses. They base everything on you living in your domicile and if you really live somewhere else it is a second home. See IRS Pub. 463. Don't worry, Atlas will book the cheapest ticket they can find, they are spending their money. I've argued about riding Frontier through Denver to save 60 dollars. I pointed out their checked bag fee would eat the savings from a non stop airline I have status on. I was told the bag fee came out of a different account and didn't matter.