Finance

Have finance questions? Ask a financial expert online.

Connect one-on-one with {0} who will answer your question

Related Finance Questions
I have a new business and will be leasing a business vehicle
Hello. I have a new business and will be leasing a business vehicle this year or next. My business just started this month. Would it be more advantageous to lease the vehicle this year or next year wh… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,155 satisfied customers
I'm the owner of an S-Corp and I'm wondering if leasing a
Hi, I'm the owner of an S-Corp and I'm wondering if leasing a car or owning a car for my company is best. I'll use it 100% for business as I have my personal car to use. Also assume that the car price… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,531 satisfied customers
Can you write off a car lease payment if the lease is in
Can you write off a car lease payment if the lease is in your personal name? Can you use for 4562 if the vehicle is financed or leased in your personal name? If yes, I will have questions on how to fi… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,514 satisfied customers
I have a small business that is formed as an LLC. We only
Hi, I have a small business that is formed as an LLC. We only did $150,000 in sales this year, it's our first year in business, we started in March.I want to purchase& or lease a vehicle for the busin… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,498 satisfied customers
I have a question. I lease a truck for 3 years and I gave
I lease a truck for 3 years and I gave them a down payment deposit for 18,000.00 how do I record the transaction on my general journal… read more
Emilee Weaver
Emilee Weaver
Controller
Masters of Professional Accounting
124 satisfied customers
I have a small businsss tax question. No, Yes. I need them
Yes. I need them to know about Section 179 depreciation for businsss vehicles.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,155 satisfied customers
I plan on setting up a business beginning January 2018.
I plan on setting up a business beginning January 2018. However, was planning to get a car this year that I would use for the business purposes. The reason I wanted to do that was California has incen… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,498 satisfied customers
Background: I own a retail business in North Carolina that
Background: I own a retail business in North Carolina that is structured as an S-Corp. I would like to purchase/lease a Land Rover and have the business pay for it. I currently make a smaller salary a… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
If a bought a truck my personal name, but have an employee
If a bought a truck my personal name, but have an employee used it 100% in my company which is an S-corp, can I make up a lease and lease it between the company and myself, and if so can I charge any … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
What is the pros and cons of renting a vehicle v. buying for
What is the pros and cons of renting a vehicle v. buying for business use exclusively? Thank you.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I have a 2013 lease that can be turned in or I can purchase
I have a 2013 lease that can be turned in or I can purchase it for $32,000. I use the car 90% for business. Assuming I purchase the vehicle at the end of the lease, how does depreciation work? Assume … read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
I set up an S Corp to rent (lease) vehicles to my pest
I set up an S Corp to rent (lease) vehicles to my pest control company (another S Corp) for tax purposes. I don't know how to set the rental (lease) rates. I have made a contract through rocket lawyer… read more
PDtax
PDtax
CPA, MBA
Master's Degree
7,939 satisfied customers
I own a partnership. Planning to purchase a vehicle business
I own a partnership. Planning to purchase a vehicle for my business use. I don't drive a lot period. Is it more advantageous for me to lease the vehicle or purchase it? Can write off the lease payment… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
I recently transitioned from a Sole Proprietor to an S Corp.
I recently transitioned from a Sole Proprietor to an S Corp. Can I "sell" my 2000 Chevy work truck and tools I have been using to the S Corp and declare the $5700 fair market value as an expense for 2… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
I have a S Corp in New York. I'm going to buy a new auto
I have a S Corp in New York. I'm going to buy a new auto this year 2015. I plan to pay cash ($30k). If so, can I take the full amount as a tax deduction? If not, is there a "best" to buy the car to ge… read more
PDtax
PDtax
CPA, MBA
Master's Degree
7,939 satisfied customers
Why are expenses vehicle purchase i.e. monthly payments
Why are expenses for a vehicle purchase i.e. monthly payments on a loan or a check written for the purchase of a truck is not reflected on the P & L - My boss pays a manager a bonus of 5% of the profi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,498 satisfied customers
Could a business who uses a dump truck or paver, elect to depreciation
Could a business who uses a dump truck or paver, elect to depreciation 100% of its cost on a business tax return (Section 179)? Are these vehicles limited excluded from accelerating depreciation?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,879 satisfied customers
We have a small incorporation and are purchasing 2 new trucks.
We have a small incorporation and are purchasing 2 new trucks. Should we be leasing or financing them? Some people seem to have a difference of opinion is this area.… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,305 satisfied customers

More than 5000 online tutoring sessions.

Megan C

Megan C

Certified Public Accountant (CPA)

2,225 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

sgriffin26

sgriffin26

Loan Officer

93 satisfied customers

Licensed RE Agent, Loan Officer, and NMLO. I have been in residential lending for over 10 years.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x