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 2015

Word Count:



Stop Taxes before They Happen by Shrewdly Planning the Trade-In or Sale of Your Business Vehicle

Estimated tax tip savings. Use these strategies to easily avoid $2,000 to $8,000 in unnecessary taxes when you sell your business car or truck. As you’ll see, your exact tax savings will vary depending on certain facts.


When you sell your business car or truck, you could create thousands of dollars of extra tax—or create thousands of dollars of tax deductions. Each situation varies. This means you have to know some simple facts about your car or truck to plan correctly.


With the right tax planning, you can either



escape tax using a like-kind exchange if you owe tax on the transaction or


take extra tax deductions if you find that you would have a deductible tax loss if you sold the vehicle to a third party.


Back to the Basis


Before you can determine whether to escape tax or take extra tax deductions, you have to know two ... 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