When you claim Section 179 expensing on a business truck or SUV, you make a deal with the government. Your part of this contract requires that you

keep your business use greater than 50 percent over the asset’s depreciation class life, and

keep the records that prove you achieved this business use.

Michael Birdsill learned both of these lessons the hard way when he lost his case in court.1

Mr. Birdsill placed a GMC Suburban into business use in 2002 and deducted depreciation and ... Log in to view full article.