Comment by rafram
3 years ago
Only if he uses it for work (exclusively for work, if you ask the IRS). And he’s paying double in payroll taxes - sole proprietors/self-employed workers pay 15%, employees pay 7.5%.
3 years ago
Only if he uses it for work (exclusively for work, if you ask the IRS). And he’s paying double in payroll taxes - sole proprietors/self-employed workers pay 15%, employees pay 7.5%.
Yes, it would have to be a full time work vehicle.
And sure they are paying double payroll tax, but they also get to deduct all their expenses associated with employment (customer dinners, internet, computer equipment, mileage to customers, etc).