Tag Archives: Personal Use

New Car Sales Ego Boost – A New Car To Boost Your Ego

Article by Lucas Coggan When purchasing cars, there is a fine line between luxurious and necessity purchasing. With the freedom we have of going anywhere we please, a car makes that possible. Public transport has too many flaws, and if you are really not a crowd person, then buying a car is the best thing … Continue reading

Can I deduct a new car purchase for my business?

My wife and I purchased a new car in 2006. The car is used for both personal use, and for use in my business. Can I deduct anything on my taxes in regards to the purchase of this car? Would I be listing the car as a business asset? Yes, you can. However, the IRS … Continue reading