Question
2-Sam company a C corporation, paid various expenses for its sole shareholder, who was also an employee. In which of the following scenarios can Sam
2-Sam company a C corporation, paid various expenses for its sole shareholder, who was also an employee. In which of the following scenarios can Sam sufficiently back up their tax deductions for automobile expenses?
A-The employee submits a log book of off-site appointments.
B-Auto expenses are never deductible for the sole shareholder.
C-the employee provides a log book of mileage, beginning and ending points of each trip, and each trips business purpose.
D-the employee submits gas receipts.
E-the sole shareholder needs no proof of use; he or she owns the business.
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