Quote:
Originally posted by BradShaw@Jul 9 2003, 06:10 PM
Only downside is for the tax credit, car has to be in company name, and thus insurance is much higher. Right?
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My CPA steered me away from putting my car in the company name because of our sue happy society. Someone sees a company name and thinks big $$$ and suddenly their neck hurts in fender bender.
I'm little and just a subchapter S corp and with the 0% interest rates, it was better for me to buy than lease since I can write off my car use even if the car's in my name.
The 6000 GW vehicles are a pretty large list going as small as an Expedition.
But if you're Dad's buying it for you, isn't all this talk of leasing and doing it through your company useless?
07-09-2003
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