Truck-- business write off-just wondering

[AsphaltAnihil8r]

Can I deliver newspapers and write off a Range Rover,seriously....
What types of jobs can you write off a Vehical,I understand that,Realtors,Salemen,,but can a pizza delivery guy ,or newpaper delivery guy write off something like a Range Rover....

thanks for any info..

 

[azgn]

you can write off whatever percentage of business use you can justify (10,000 total miles for the year, 5,000 business miles = 50% write off)....it matters not what your business is.....a lot of folks that bought new Hummers are gonna get a surprise when IRS comes around asking questions....

 

[AsphaltAnihil8r]

thanks for your info,,I thought it was a write off based on weight,,say 9000 lbs ,,then a $9000 write off...,,I read that a few yrs ago,,has it changed..
I did a google search and it brought up some info ,,,"Auto tax write off"

 

[tjthorson]

You can only write off what is used directly in business (as was stated) - furthermore, commuting to and from work is NOT deductible. Just went through this with the subie.

Also, there was something the accountant touched on with my 100% deductible (the 3 beetles used by the maids) vehicles. He stated that only the first $18,000 of the purchase price of a vehicle is deductible fully. Then it is a percentage for value over $18,000. That's how they keep people from doing the hummer thing....

 

[AsphaltAnihil8r]

Originally posted by tjthorson
You can only write off what is used directly in business (as was stated) - furthermore, commuting to and from work is NOT deductible. Just went through this with the subie.

Also, there was something the accountant touched on with my 100% deductible (the 3 beetles used by the maids) vehicles. He stated that only the first $18,000 of the purchase price of a vehicle is deductible fully. Then it is a percentage for value over $18,000. That's how they keep people from doing the hummer thing....

Dang Todd ,,you can live for free....

Hope your accountant used all these tax write off's stick a big Merry Maids emblem on that Subie and write it off,,

then theres the electric for them computers ,,,the kids allowance....
http://www.home-based-business-opportunities.com/library/tax-tips.shtml


Hope things are going well,,I could be the Pizza guy at your door when I figure this out,,just look for the Angle eyes on the new BMW 745i when the bell rings

 

[Lee Thompson]

tax

Write off the vehicle---sell it later and you may owe taxes on the selling price or a percentage of the selling price!!!! Nothings free!!! The IRS have people staying up at night thinking of way to get all they can.

 

[azgn]

actually, you need an accountant that is current on the rules....if a vehicle weighs 6000 lbs GVW, you (can) get 100% Sec 179 writeoff up to $100,000....VW's need not apply, but they are eligible for an extra 30% first year depreciation

 

[AsphaltAnihil8r]

Originally posted by azgn
actually, you need an accountant that is current on the rules....if a vehicle weighs 6000 lbs GVW, you (can) get 100% Sec 179 writeoff up to $100,000....VW's need not apply, but they are eligible for an extra 30% first year depreciation

See thats what Im talkin about,,,seems like the Canada taxes,very sinilar to the 1st yr break