In my article, “Find new tax deductions with two-car tax strategies,” I explained a winning way to keep more money in your pocket.
In my new article, you’ll learn how the IRS and the courts view your use of multiple vehicles for business purposes. And the news is good!
Want to find out how to keep Uncle Sam on your side when you use two-cars or more?
Read my new article titled Tax Tips: Two-Car Tax-Deduction Strategy Approved by the IRS and the Courts.
Three ways our fact-filled article can help you:
- We’ll explain the Melvin and World of Service cases. They establish your right to use three cars and split business and personal mileage on each of the three cars (e.g., 65%, 77%, and 91% business use of cars 1, 2, and 3, respectively). Don’t miss the opportunity to take advantage of these rulings that give you your business percentage of each vehicle. You’ll get all the details when you read the full article.
- You’ll learn what the IRS says concerning “Marcia’s” vehicle usage. In its own publication, the IRS uses the example of Marcia who owns three cars and two vans. She alternates the use of the five vehicles which is just fine with the IRS. Well, what’s good for Marcia could be good for you too! We’ll tell you the whole story when you read the full article.
- We’ll explain you why Tax Forms 4562 and 2106 are so important in looking at this strategy. If you’re planning to drive multiple vehicles for business purposes, you want the IRS on your side. We’ll explain how these two tax forms put the IRS on your side so you can maximize your deductions when you read the full article.