Avoid the gotcha.
That’s a good tax rule to follow in all cases.
When you operate as an S or a C corporation, you generally want to get the money out of the corporation without exposing it to payroll taxes or double taxation. One technique for that is to rent equipment to your corporation.
As discussed in the article Rent Equipment to Your Corporation; Qualify for Section 179 Expensing, you can qualify for Section 179 expensing on equipment you rent to your ... Log in to view full article.