Article Date:
July 2010

Word Count:



Tax Tip for Business Car When Incorporated



I operate my business as a corporation. Should I own the business car personally, or should the corporation own the business car? (M.J., Columbia, S.C.)




You simplify record keeping if you have the corporation own the business car.


If you own the car personally and you want a corporate deduction, you have to consider how the corporation is going to reimburse you for business vehicle use.


One absolute. You do not want to use the car for business and ... Log in to view full article.

Log in to view full article
Already a subscriber?
Email Address


Log In Send me my password

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