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Old 04-20-2006, 10:08 PM   #1
Alky
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How do you write off your vehicle?

I can see maybe if you drive to shoot content or something... but can someone explain how in this industry you can write it off?
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Old 04-20-2006, 10:13 PM   #2
BobG
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you would be suprised at how many of the miles you drive are actually business related. i know practically 100% of mine can be justified.
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Old 04-20-2006, 10:14 PM   #3
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Quote:
Originally Posted by Alky
I can see maybe if you drive to shoot content or something... but can someone explain how in this industry you can write it off?
Just line it up at the top of a cliff and release the brake and move out of the way.

Chances are it will write itself off and no need to drive for any shoots. Why make life difficult?
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Old 04-20-2006, 10:23 PM   #4
Sosa
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Let your accountant figure that out for you
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Old 04-20-2006, 10:42 PM   #5
Kevin - The PNN
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hit me up on ICQ - I will give you a full report
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Old 04-20-2006, 10:42 PM   #6
Pornwolf
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I wonder if I can write off the cost of a Ferrari?
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Old 04-20-2006, 10:48 PM   #7
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I wonder if I can write off the cost of a Ferrari?
Put your url on it and claim it's advertising.
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Old 04-20-2006, 11:04 PM   #8
Pornwolf
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Hmm, on a Ferrari? If the URL being on the license plate holder counts then I'm game for that idea!
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Old 04-20-2006, 11:19 PM   #9
PimpDaddyPants
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I wonder the same
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Old 04-20-2006, 11:49 PM   #10
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I write off the lease payments on my car, insurance, gas, maint. .. everything... its owned by my corporation ...not me
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Old 04-21-2006, 12:48 AM   #11
Alky
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i see... so if my corp buys the car, thats all that needs to be done?
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Old 04-21-2006, 01:49 AM   #12
Kevin - The PNN
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Quote:
Originally Posted by Alky
i see... so if my corp buys the car, thats all that needs to be done?
No - that is one way, there are many ways. Hit me up on ICQ.
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Old 04-21-2006, 01:55 AM   #13
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I wonder as well.
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Old 04-21-2006, 01:58 AM   #14
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You can write off anything really (haircuts, pizza deliveries, your ipod)....but if you get audited you have to be able to justify it, otherwise you're fucked

Most work from home webmasters really have no business writing off their car.
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Old 04-21-2006, 04:26 AM   #15
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Quote:
Originally Posted by Lenny2
You can write off anything really (haircuts, pizza deliveries, your ipod)....but if you get audited you have to be able to justify it, otherwise you're fucked

Most work from home webmasters really have no business writing off their car.
That's why I always have 2 cars, one for company and one for personal. The more expesives the company car and gets written off, but It's also used to haul gear to shoots etc so it's legit.
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Old 04-21-2006, 04:27 AM   #16
american pervert
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you can write off 5 days of usage a week no prob
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Old 04-21-2006, 04:48 AM   #17
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Quote:
Originally Posted by Lenny2
You can write off anything really (haircuts, pizza deliveries, your ipod)....but if you get audited you have to be able to justify it, otherwise you're fucked

Most work from home webmasters really have no business writing off their car.
Oh contraire mo' fraire



Quote:
Originally Posted by venus
I write off the lease payments on my car, insurance, gas, maint. .. everything... its owned by my corporation ...not me
Correctamundo.

For all other questions, you contact your CPA/accountant, and they will work the magic numbas for ye.

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