This video is for Real Estate Agents, Realtors, Brokers and other small business owners who want to learn more about the auto expense deduction. I answer the questions listed below:
1. Does the vehicle need to be titled in the name of the business?
2. Should I buy a new vehicle since it is a business “write off”?
3. What are the different methods for taking the auto deduction and which one should I use?
4. How do I stay in compliance while taking the deduction?
5. What are the difference between business miles and commuting miles?
6. How to handle the accounting for auto expense when your business is taxed as an S Corporation?
Take what you learn from this video and ask your legal or tax professional all of your specific questions. If you want to contact me, my information is below.
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Link to Tax Planning Video: https://youtu.be/rvqN-PGNiG8
