Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
March 2013

Word Count:



Test Your Tax IQ: Deducting More than One Business Vehicle



Attorney Mel Practess owns his own law firm and uses his personal car, a $30,000 BMW, for business.


He likes the Beamer so much that he buys the same model for the same $30,000 for his wife, Sharpe. Although Mel will take it for a spin on occasion, he never uses his wife’s car for business.


By contrast, almost 90 percent of the mileage Mel puts on his own BMW is for business. Of course, he claims deductions for these miles. But Mel is thinking that maybe he should use both cars ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development