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I've been told to pay myself a W2 as I am a S CORP. I am a trucking company. Truck is in my name. Should I run the truck expenses through S CORP or personal?
I would like to benefit my personal tax return as much as possible. Technically, I own the truck and trailer. Should I make the payments like normal or should the S CORP write the monthly check for these payments? Paying myself more on a W2 to compensate for the payments will just increase my tax amount.
‎June 7, 2019
3:29 PM