Incredible Lease deal
07-27-2003, 09:14 PM
#26
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OK, this is the second funniest thread I've read -- second only to that really long SL55 one. Isn't someone going to try to taunt him into posting his tax return -- and not a photoshopped version (you had to read the SL55 post). And isn't there a difference between a business that leases vehicles and writes them off and an individual who leases a vehicle and wants to write it off as a business expense. I think the good doctor is the former, no? Oh well, this is good stuff for a guy stuck at work on a Sunday night.
07-27-2003, 09:40 PM
#27
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Porcelain Bus
The only way legally to use a leased vehicle as a business expense I believe is for the business to lease the vehicle. An individual may use his personal owned car for business but then only the miles used at work and the car's depreciation are deductible.
07-27-2003, 10:38 PM
#28
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That's what I thought. I don't get the benefit of that but I have a friend with a leased C32 who does. He doesn't buy any of his MBs; his business leases them and he drives them. But then again, I'm not a tax lawyer so what do I know.
07-27-2003, 11:39 PM
#29
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Originally posted by Dr Chill
The only way legally to use a leased vehicle as a business expense I believe is for the business to lease the vehicle. An individual may use his personal owned car for business but then only the miles used at work and the car's depreciation are deductible.
The only way legally to use a leased vehicle as a business expense I believe is for the business to lease the vehicle. An individual may use his personal owned car for business but then only the miles used at work and the car's depreciation are deductible.
07-28-2003, 12:58 PM
#30
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Uh-Oh...I steal music all the time off the internet...the I listen to it for free on my MP3 player. I think I'm going to turn myself in to the cops real soon....just as soon as I steal that cool new song from the Bad Boyz 2 soundtrack!!!
Hey Dr. Chill...this guy hates you huh??
Maybe he's jealous of your new E55 like me!!
Just kidding
Flame On!!!!!!
Hey Dr. Chill...this guy hates you huh??
Maybe he's jealous of your new E55 like me!!
Just kidding
Flame On!!!!!!
07-28-2003, 11:08 PM
#33
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Porcelain Bus
No, I was the guy with the fastest autocross time though. It sure seems like 3 years waiting for this car (due to arrive in port tomorrow) but it's only been 18 months.
