How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask RGMacEsq Your Own Question
RGMacEsq, Attorney
Category: Business Law
Satisfied Customers: 15940
Experience:  Licensed Texas General Practice Attorney
Type Your Business Law Question Here...
RGMacEsq is online now
A new question is answered every 9 seconds

If I pay an employee a gasoline allowance, s it taxable to

This answer was rated:

If I pay an employee a gasoline allowance, s it taxable to them

RGMacEsq :

Thank you for using JustAnswer. I am researching your issue and will respond shortly.

RGMacEsq :

Yes, it would be considered income, although they could take a deduction for mileage (assuming that this is not a straight mileage reimbursement).

RGMacEsq :

So they would need to report it and pay income taxes on it, although they could take the mileage deductions that they spend traveling for work purposes (other than travel to and from the primary place of business at the beginning and end of the workday... that would still be on them)

RGMacEsq :

Hope that clears things up a bit. If you have any other questions, please let me know. If not, and you have not yet, please rate my answer AND press the "submit" button, if applicable. Please note that I don't get any credit for my answer unless and until you rate it a 3, 4, 5 (good or better). Thank you, XXXXX XXXXX luck to you!

RGMacEsq and 5 other Business Law Specialists are ready to help you

Related Business Law Questions