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How to get a deduction for your classic car

December 1, 2012

Do you drive a classic car in the course of conducting your business?

If you do, here’s a fact you should know…

Some important tax law changes now allow you to claim a fat deduction on your four-wheeled business asset!

Of course, as always, the devil (and the IRS) is in the details and you have to know how to handle things correctly.

We’ll show you how, and steer you in the right direction, when you read my new article titled Tax Tips: Tax Deduction for Classic Car Used in Business.

Three ways our fact-filled article can help you:

  1. We’ll tell you the two IRS tests your classic car must pass to qualify for a deduction. It’s worth checking out my new article for this information alone. You’ll get all the details and a lot more when you read the full article.
  2. You’ll learn why a strong shield protects you from an IRS attack. Good news! The IRS is not looking for a fight with you on your classic car deductions. Why? Because it has little chance of winning. You’ll get the whole story when you read the full article.
  3. We’ll run the numbers for you. When you’re deciding whether to buy a new car or a classic, you have to consider things like “future value” and depreciation. We’ll show you how to make the calculation the right way when you read the full article.

Filed Under: Antiques, Audits, Capital Gains, Cars SUVs Pickups, Cost segregation, Featured Articles, Hobbies, Investments, Tax Planning

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