Does Renting Furniture to Your Corporation Really Save Taxes?

Some tax strategies sound so logical that they’re accepted as fact—even when the numbers tell a different story.

Here are three reasons to read this article:

Renting furniture to your corporation may seem like a clever way to move money out of the business, but when you run the numbers, the tax savings simply aren’t there.
What appears to be a smarter strategy can actually create more paperwork, additional qualification hurdles, and even expose you to self-employment tax—all without producing a better tax result.
When business property has little or no residual value, letting the corporation purchase and deduct it directly is often the simplest and most tax-efficient approach. Sometimes the straightforward answer really is the best one.