Originally Posted by
mkitrn
money that is reimbursed to the individual in a check yes. Charges put on a company card linked to a company account no. If what you were saying for expense cards linked to a corporate account was true every corporate rep that took a client out to lunch or bought her a cab and hotel room would pay taxes on that (they don’t)
I thought it was my last post. Oh well! They don’t pay taxes on the items you just mentioned because they are TAX DEDUCTIBLE EXPENSES. Commuting expenses are not now nor ever have been deductible. It also does not matter if the company provides you the funds via a check, credit card, bubble gum futures or gold. It’s all income to the IRS.