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Does the loan paper work for work for purchasing a new
Does the loan paper work for work for purchasing a new vehicle between 6014 £1000 need to be in the business's na business's name in order to write-off the full amoff the full amount of the purchase? … read more
Lev
Lev
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I run a car rental business. If I buy cars with loans and
I run a car rental business. If I buy cars with loans and then I rent them, would I be able to deduct the entire sum the first year as a loss on my personal taxes?… read more
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I'm looking to get a business tax question answered … read more
Douglas Campos
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If someone owns 2 businesses. One a c Corp and the other a
if someone owns 2 businesses. One a c Corp and the other a llc partnership. He used the business credit of the c Corp to purchase a vehicle for the LLC. So the vehicle is in the c Corp name, and the o… read more
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I am looking to purchase a commercial vehicle and wanted
Hi I am looking to purchase a commercial vehicle and wanted details on how I could write of the expense … read more
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Purchasing a vehicle new or used for a business. Texas. Age?
just looking for information on vehicle depreciation etc… read more
Robin D.
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I hope this message finds you well. I have a question
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Scenario: S-Corp single member business considering
Scenario:S-Corp single member business considering purchasing a heavy SUV over 6000 lbs in 2020 - $60K. He could really use the write off in 2020.In 2021, this existing S-Corp is expected to dissolve … read more
Dr. Fiona Chen
Dr. Fiona Chen
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If I buy a car priced at $30k but under the 6000lb
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emc011075
emc011075
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I am wanting to purchase a new vehicle for my business in
I am wanting to purchase a new vehicle for my business in the next couple of days, it is solely for business use, what can be written off? … read more
Tax.appeal.168
Tax.appeal.168
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In an LLC is it possible for a member to claim a business
In an LLC is it possible for a member to claim a business expense such as a company vehicle as deduction/write off on their individual taxes even if they only have 15% of the business? If it is struct… read more
Lane
Lane
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Doctoral Degree
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I have a transportation business. I have 3 vehicles (cargo
Hi, I have a transportation business. I have 3 vehicles (cargo vans) purchased under my personal name. I lease a vehicle to a person, and provide jobs as well. At the end of the month I calculate how … read more
Lane
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I am starting a new business. I am wanting to purchase a tow
Hi I am starting a new business. I am wanting to purchase a tow truck for the business at the amount of 8500 dollars. My business partner and I do not have our llc or business account set up yet. Will… read more
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My wife is a home health nurse and drives between patient's
My wife is a home health nurse and drives between patient's residences all day long. Is there a way to tax deduct the purchase of a vehicle that is used exclusively for visiting patients during the co… read more
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Can I purchase an RV, in my name, wife, who wants to
Can I purchase an RV, in my name, for my wife, who wants to open a bakery business, and write the business use off my taxes?… read more
Tax.appeal.168
Tax.appeal.168
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Im in CA and about to buy a car and am weighing whether to
I'm in CA and about to buy a car and am weighing whether to lease or buy. The car will be bought or leased through the company I own (I have other cars i can claim for personal use). if i lease, i kno… read more
Robin D.
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I have an S corp, its a computer consulting /staffing business.
I have an S corp, its a computer consulting /staffing business. I am wondering if I can buy a comapny vehicle and write it off for 2012 tax year. I really do need a good vehicle to go and meet clients… read more
Phillip B, EA
Phillip B, EA
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The owner of the company wants to buy a new car. I was ...
The owner of the company wants to buy a new car. I was told I could expense $17,000 of the cost. Then someone else said the threshold was $15,000, someone else said $20,000. Which is it? What I''m pla… read more
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