NTA2413. Tax Considerations When Employees Use Corporate Assets

This session will provide the statutory and regulatory authorities controlling employees taxable income inclusion using common real life examples of the corporate jet, automobiles, and other corporate assets. In addition, it will cover the tax deduction to the employer, often less than the employee income inclusion but more when bonus depreciation was taken.

Learning Objectives:

• Calculate the correct income inclusion to the employee for use of the corporate jet, automobile, or other corporate asset.
• Calculate the correct tax deduction for the employer for use of the corporate asset including the entertainment disallowance.