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Author: goruck One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: question for the tax board Date: 6/18/2001 6:23 PM
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Okay,

any advice is appreciated.

first let me describe a common scenario that pertains to me:

Doctors often lease cars via their practice. Their practice pays for the lease and a credit card is used to pay for the gas.

Obviously, this is a perk of the job and the doctor never has to report the money paid towards the lease as income to the irs.

So, my question is whether this is kosher or not?
I figure it must be a gray area as many, many physicians (and other business people alike) probably do this.

I am about to join a practice and want to know if it is okay for my employer to do this same thing for me. Pay for my lease payment, so it never gets paid to me as income. I will be an employee of the practice with a salary. They plan on paying for my monthly lease payments.

thanks
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