Here’s good news for the small business owner…
By combining the home-office deduction with the purchase of a “heavy vehicle,” you can knock a lot of money off your tax bill.
Whether you’ve structured your business as a corporation or a sole proprietorship, this powerful vehicle/home-office combo can save you a bundle as you’ll learn when you read the full article.
Here’s just some of the valuable information
we’ve got waiting for you…
- How the IRS defines “heavy vehicle”
- How Section 179 Expensing can let you immediately write off up to $510,000 of equipment
- How to claim a 50% bonus depreciation on a new heavy vehicle
- Why it makes sense to claim the home-office deduction under the “principal place of business” rules
- Why heavy vehicles get a big depreciation advantage
- How to get a reduced Section 179 deduction for a heavy SUV
- How to avoid stingy depreciation deductions for lighter vehicles
- How to collect a hefty first-year depreciation write-off for a heavy SUV
- Why you should watch out for Section 179 taxable income limitations
- How to avoid losing out to the depreciation recapture rules
- How to take maximum advantage of the home-office deduction
- How to make your home office qualify as a “principal place of business”
- How to handle corporate reimbursements