i mean if its allowed by the IRS i dont really see where ethics comes into play
quote:It is not allowed. A taxpayer is entitled to deduct expenses for the business use of an automobile. The OP stated that the business use would be zero since the car is for his wife to use.
i mean if its allowed by the IRS i dont really see where ethics comes into play.
What if you have an LLC and own a building that you rent out, what can you write off? Should I start a new thread for this?
is used loosely here....
basically he has a separate checking account to make it easier to track how many paperclips he buys....
so when your wife is in an accident, just be prepared to have your company brought into the lawsuit.