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Old 01-18-2002, 11:08 PM
tamwham2
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comapny car


texas,
i am getting a car and putting it in my company's name. i will talk with my accountant but was wandering if there is any important information that fourm members could give me that would be helpful>??

thanks
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Old 01-23-2002, 01:31 PM
loku
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Your accountant should tell you what records to keep, but if you want to know the law on deducting car expenses, I suggest you see IRS Publication 463, Travel, Entertainment, Gift, and Car Expense. And I especially suggest you see Chapter 8 in IRS Publication 334, Tax Guide for small Business. You can download these publications for free at: [url]http://www.irs.ustreas.gov/forms_pubs/index.html[/url]
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