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re: Buying a car under my business

Posted on 11/9/12 at 11:34 am to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35473 posts
Posted on 11/9/12 at 11:34 am to
quote:

when you're an indy contractor the govt lets you do things a little differently than the standard person


For you. Not for your wife who has no affiliation to the business other than being your spouse.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35473 posts
Posted on 11/9/12 at 11:35 am to
quote:

writing off the car purchase is going to be tough... but mileage after that shouldn't be an issue


Make sure you have logs for mileage. My wife works for an accounting firm and a lot of their clients are getting hit for logs and proof of mileage. It's an easy thing to track but hard as hell to reconstruct.
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