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Tax Rules for Business Vehicles Webinar

Summary

There are several benefits that a business can receive for having a vehicle that is either owned or used in a trade or business. For example, a business owner can get a tax benefit for taking a Section 179 deduction by purchasing a new or used vehicle. It is common in the industries of construction, sales travel, delivery businesses and client transportation to have a specific vehicle used only for business. This course will explain the benefits available and how they may pertain to each of your clients on their business returns.

Objectives

Upon completion of this course, you will be able to:

  • Determine allowable depreciation
  • Identify the listed property rules
  • Describe rules for claiming standard mileage rate vs. actual expenses
  • Complete Form 4562, Depreciation and Amortization (Including Information on Listed Property)

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.






   

Presented by: Brad Messner, EA, MBA

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