Putting my company in the form of an S-Corp.
My question for you fellas is: I have a truck that I use 80 business / 20 personal.
Should I register the truck personally in my name and then reimburse myself the expenses at the standard mileage rate?
Should I register the truck in the business name, then put the vehicle use on my w-2 and paycheck when I pay myself.
Not sure exactly how this all work, also not sure how it co-insides with insurance policies.
Currently I have the truck registered under me and my wife's names, and just have commercial use insurance on it.