tax advice question...

[doubles1]

i work for a company which provides me with a company car...each year we are suposed to file our milegae thru the company.

i did this once again this year but there was one other venue i was supposed to take to complete this and i didnt file intime according to the company.

so in turn i have not been taxed an extra $2500 for the year.

how can i file taxes properly with out having to be penalized for the automobile benefits??

any advice would be appreciated..

thanks

dank

 

[paradox]

i work for a company which provides me with a company car...each year we are suposed to file our milegae thru the company.

i did this once again this year but there was one other venue i was supposed to take to complete this and i didnt file intime according to the company.

so in turn i have not been taxed an extra $2500 for the year.

how can i file taxes properly with out having to be penalized for the automobile benefits??

any advice would be appreciated..

thanks

dank

If you made any mistakes what so ever when you filed your taxes you can file a amendment. Which would be the 1040X

 

[doubles1]

i havent filed yet...

im saying the car company reported my mileage as all personal use so i was taxed on this...when in reality i shouldn thave been taxed...

 

[paradox]

i havent filed yet...

im saying the car company reported my mileage as all personal use so i was taxed on this...when in reality i shouldn thave been taxed...

well if you can prove to that it was for company use when you file your taxes file it was company use, if the IRS has any questions do you have sufficent proof to back up your claim? Also did you try to straighten the error out with your company?