@antonSugar93 wrote:
I have an s-corp, my boss pays the s-corp and from there I pay myself. Can my s-corp write off the gas expenses even if he's paying for my services + gas receipts?
This situation is very confusing, and I don't want to comment further except to say, no business can deduct an expense it does not pay.
Perhaps you could explain how you own an S-corp, but you have a "boss" and you drive the "bosses'" truck. Whose credit card are you using, yours or the bosses' card?
Let me break my own rule and go one step farther. Here is one possible situation I can think of that fits what you have said:
Bob is a self-employed CCTV technician who has structured his business as an S-corp. Bob is a subcontractor for Adam. Bob drives a truck owned by Adam. Bob buys gas for Adam's truck with Bob's business credit card, but gets reimbursed by Adam every two weeks.
In that case, Bob's gas expenses are not deductible unless Bob also reports the reimbursement as gross income for the business. That will, of course, net out to zero, but it would allow Bob to report higher gross revenue, which might be an advantage in some circumstances even though the net profit is the same at the end.
If that doesn't help, we need more information, but I stand by my earlier statement that no business can deduct an expense that it does not pay.
