Kenneth S. asked

💰  Tax

How can I expense the car lease payments for an employee's car in my trucking company, and should this be recorded in the general ledger (G/L) under 'Employee Benefits'? Additionally, should this expense be included in the employee's W-2, and if so, how should it be handled?

January 26th, 2024

Nicole T. answered

The car lease payments for an employee's car should not be included on the employee's W-2. Instead, ...

January 26th, 2024

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