vgbs
Level 2

Reimbursement from S corp to Employees

Hi,

I have 2 questions about my S Corp which does have an accountable plan and I take reimbursement for a home office deduction.

  1. My S Corp has a corporate vehicle (large cargo van) that gets parked in my personal driveway (street parking is not allowed for commercial vehicles).   Can I get reimbursed somehow as it takes up 2 spots and then my husband or I have to park in the street?  Local industrial parking would probably cost around $250/month.

 

  2. We also have a large shed on our property and a large shed on a rental property that we own that is used to house tools and supplies for the S Corp.  Is this also somehow reimbursable?

 

Thanks!!