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?

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.

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?

Let your accountant figure that out for you :)

hit me up on ICQ - I will give you a full report

I wonder if I can write off the cost of a Ferrari?

Put your url on it and claim it's advertising.

Hmm, on a Ferrari? If the URL being on the license plate holder counts then I'm game for that idea!

I wonder the same

I write off the lease payments on my car, insurance, gas, maint. .. everything... its owned by my corporation ...not me :)

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.

I wonder as well.

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.

you can write off 5 days of usage a week no prob

Oh contraire mo' fraire

:disgust

Correctamundo. :thumbsup

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

:rasta