Tax Reduction Letter

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Article Date: July 2010
Word Count: 545

Reimburse Corporate Owner-Employee for Depreciation

Question

I have your tax course.

Before purchasing your tax course, I bought a business SUV and then incorporated.

Your tax course says that my corporation can reimburse me for actual expenses on the SUV, including the Section 179 deduction and five-year MACRS depreciation.

My CPA says that I may not reimburse Section 179 or depreciation. Who’s right? ... Log in to view full article.

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