Personal use of S-Corp owned vehicle
I am the sole owner of my S-corp.
The S-corp owns a vehicle that I use 80% for business,
and 20% for personal use. I understand that the personal use value must get added to my W-2. But does this mean I would also have to adjust my Federal and State 941 Quarterly Returns so that the total wages/compensation reported on those forms will be equal to the total wages/compensation shown on my W-2? If so, how would that be done? There must be an easier way to handle the situation.