I own a single-member LLC taxed as an S Corp. I pay myself a salary as a W2 employee and take distributions. I have an accountable plan set up for reimbursements.
For vehicle reimbursements (mileage) I know the S Corp can reimburse me at the standard mileage rate. Can the S Corp also reimburse for Auto Loan interest and registration (personal property tax) at the business use percentage? So if the business uses the car 75% of the time and the auto loan interest was $100 and the registration was $100 those would both be reimbursed at $75?
I see it in some of the older spreadsheets but don't see any mention of it elsewhere.
