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Author: Renegadecj Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121599  
Subject: Re: vehicle mileage reimbursement Date: 3/13/2006 4:59 PM
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On that note...what about a new startup. My DW and her partner have a startup, inc. last year, but as of yet, no profits. They drive quite a bit for business, but it doesn't make sense for them to dump more $$ into the company, just to pay out the mileage reimbursement. Based on your answer, can they just deduct the mileage reimbursment not paid on their personal taxes?
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