What is required to claim business vehicle expenses? The tax rules for vehicles like most tax rules are a tangled web of complexity. This episode will simplify those rules making it easier to understand and apply to your unique situation. I will discuss the options available and record keeping requirements. From allowable depreciation to claiming either standard mileage or actual expenses, you will have much clearer understanding of what you as the the taxpayer needs to do claim business use of your vehicle. Whether you operate a sole-proprietorship, LLC, or corporation, this show will help you to fully and accurately apply the tax rules for vehicles.
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