Let the IRS Help Pay for Your Next Vehicle!
when you purchase your next vehicle!
As a business owner, you spend a lot of time, mileage and money on your vehicle and it can get expensive, but you have a “Uncle” who can help you if you know how to ask!
Your “Uncle Sam” through the IRS can help you purchase your new vehicle in 3 different ways depending upon the vehicle your purchase –
Of course, you must use the vehicle more than 50% in your business and it must be new (or new to you). (You can’t qualify using a vehicle that was converted from personal use to business use.)
If you purchased a vehicle in the past 3 years and did not take advantage of these deductions, we may be able to file amended return to reduce your tax debt or increase your refunds.
If you purchased in 2015 and filed an extension, let’s review your return to see if you’ve claimed this deduction. Take advantage of these deduction while your “Uncle” is still in the giving mood!