Hi Mark
I’m wondering if it’s generally ok to use an expensive vehicle with actual expense reimbursement?
I have an executive strategy consulting s-corp that brings in a lot money, and I work mostly with CEOs. I think having a nice car helps and I think it’s necessary but not sure if the IRS would agree?
From your experience is a luxury car like a Mercedes G-wagon or Porsche going to get me in trouble? I was considering to do straight-line reimbursement to reduce the risk of audit. Any thoughts on that?
Thanks so much!!