Comments on: Self-employed? Small business? How 'bout a free SUV http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/ Sun, 11 Jul 2010 19:35:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Kevin http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-144 Kevin Tue, 16 Dec 2003 23:19:42 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-144 This does apply to new or used vehicles, as long as they meet the weight requirement. Ask you tax professional (and maybe a local dealer) for the full documentation, but do it quick! The fiscal year is wrapping up and it has be on this year's taxes! This does apply to new or used vehicles, as long as they meet the weight requirement.

Ask you tax professional (and maybe a local dealer) for the full documentation, but do it quick! The fiscal year is wrapping up and it has be on this year's taxes!

]]> By: jsnow http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-143 jsnow Tue, 16 Dec 2003 17:53:24 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-143 I own a construction company that makes on avarge 2 million dollars in work. how can i purchase a 6000lbs. suv for meeting my clients? can it still be done this year. I own a construction company that makes on avarge 2 million dollars in work. how can i purchase a 6000lbs. suv for meeting my clients? can it still be done this year.

]]> By: Bill Brock http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-142 Bill Brock Tue, 16 Dec 2003 15:52:43 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-142 does this apply only to a new vehicle, or would a used qualifying vehicle also be afforded the same tax breaks? does this apply only to a new vehicle, or would a used qualifying vehicle also be afforded the same tax breaks?

]]> By: Kevin http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-141 Kevin Mon, 01 Dec 2003 12:31:11 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-141 My understanding is no, you cannot. You can only take the deduction as a business expense against your self employed business. I believe that the car has to be purchased by the business, also. Check with your tax guy. My understanding is no, you cannot. You can only take the deduction as a business expense against your self employed business. I believe that the car has to be purchased by the business, also.

Check with your tax guy.

]]> By: James Hahn http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-140 James Hahn Mon, 01 Dec 2003 05:12:17 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-140 I am also just started a business but am still employed. So if I bought a $30000 "qualifying" vehicle but I only have made $5000 from my business but I have made $50000 from my "job" can I srite the entire $30000 off against my job income? thank you so much! I am also just started a business but am still employed. So if I bought a $30000 "qualifying" vehicle but I only have made $5000 from my business but I have made $50000 from my "job" can I srite the entire $30000 off against my job income?

thank you so much!

]]> By: Chris Davies http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-139 Chris Davies Thu, 20 Nov 2003 17:50:07 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-139 I gotta say, I am very impressed with the new <a href="http://www.automotive.com/dodge/11/dakota/index.html" rel="nofollow">Dodge Dakota</a> and the <a href="http://www.automotive.com/dodge/11/durango/index.html" rel="nofollow">Dodge Durango</a>. On the page I linked above, it lists the truck price which is fair, and some links to good reviews of the mean trucks. These trucks are really tough, and their SUVs are great too. I think <a href="http://www.automotive.com/dodge/" rel="nofollow">Dodge</a> leads the SUV and truck market. I gotta say, I am very impressed with the new Dodge Dakota and the Dodge Durango. On the page I linked above, it lists the truck price which is fair, and some links to good reviews of the mean trucks. These trucks are really tough, and their SUVs are great too. I think Dodge leads the SUV and truck market.

]]> By: Roger http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-138 Roger Thu, 30 Oct 2003 18:38:46 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-138 I am not sure how this works. I am starting a new business this year. I have no income as of Nov. 1, 2003, but I bought a Dodge Ram 3500 for the purpose of towing vehicles I repair for resale. I presently have 9 such vehicles in my stable and have made $0. So how can I get the credit of $39K for my new truck???? Yes, I am currently employeed and plan to retire in 2 years. I am setting up the business to cover my retirement. Any advice would be appreciated. Even if it means to go talk with an accountant and proceed from there. I am not sure how this works. I am starting a new business this year. I have no income as of Nov. 1, 2003, but I bought a Dodge Ram 3500 for the purpose of towing vehicles I repair for resale. I presently have 9 such vehicles in my stable and have made $0. So how can I get the credit of $39K for my new truck???? Yes, I am currently employeed and plan to retire in 2 years. I am setting up the business to cover my retirement. Any advice would be appreciated. Even if it means to go talk with an accountant and proceed from there.

]]> By: Roger http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/comment-page-1/#comment-137 Roger Thu, 30 Oct 2003 18:37:37 +0000 http://blog.kevindonahue.com/archives/2003/05/31/self-employed_small_business_how_bout_a_free_suv/#comment-137 I am not sure how this works. I am starting a new business this year. I have no income as of Nov. 1, 2003, but I bought a Dodge Ram 3500 for the purpose of towing vehicles I repair for resale. I presently have 9 such vehicles in my stable and have made $0. So how can I get the credit of $39K for my new truck???? Yes, I am currently employeed and plan to retire in 2 years. I am setting up the business to cover my retirement. Any advice would be appreciated. Even if it means to go talk with an accountant and proceed from there. I am not sure how this works. I am starting a new business this year. I have no income as of Nov. 1, 2003, but I bought a Dodge Ram 3500 for the purpose of towing vehicles I repair for resale. I presently have 9 such vehicles in my stable and have made $0. So how can I get the credit of $39K for my new truck???? Yes, I am currently employeed and plan to retire in 2 years. I am setting up the business to cover my retirement. Any advice would be appreciated. Even if it means to go talk with an accountant and proceed from there.

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