We are dedicated to keeping clients abreast of the latest developments and tax-saving strategies. This section includes a library of hundreds of timely articles about business, taxes, finances, trends and the like. The articles are categorized by subject matter, which can be accessed from the links. Click on your topic of interest and find a wealth of information.

AUTOMOTIVE

This section is provided to assist clients in making informed financial decisions when buying, selling or leasing vehicles. Being knowledgeable before shopping can help save those hard-earned dollars.

Buying, Selling or Leasing a Car: This is provided to assist clients in making informed financial decisions when buying, selling or leasing vehicles. Being knowledgeable before shopping can help save those hard-earned dollars. This page is organized in logical steps to help you prepare...
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Special Rules for Car Donations: Congress has imposed tough rules that substantially limit the deduction for this charitable donation. It is common practice for charities to immediately resell the donated vehicles to a wholesaler at substantially reduced prices, generally far less than...
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Looking for Business Tax Deductions? Look No Further Than Your Business Vehicle!: With all the recent changes in the tax laws and regulations, the options for deducting the business use of a vehicle are both numerous and generous. In fact, there are so many options that some can easily be overlooked. Note: When a vehicle is used both...
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Advanced Lean-Burn Technology Vehicle Credits: 2010 is the final year for the advanced lean-burn technology motor vehicle tax credit. Advanced lean-burn technology vehicles are passenger cars or light trucks with an internal combustion engine designed to operate primarily using more air than is...
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Deducting Auto Expenses & Luxury Auto Limits: When you use a vehicle for business purposes, you can deduct the business portion of the operating expenses on your business. If you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can generally...
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Tax Benefits for Fuel-Efficient Vehicles: With gas prices going through the roof maybe now is the time to take advantage of the energy tax incentives available for the purchase of hybrid or lean burn technology vehicles.If you purchase a hybrid vehicle in any year before 2011, you may qualify...
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Will the Interest on Your Vehicle Loan be Deductible?: The answer to that question depends upon whether or not the vehicle is being used for business purposes, where the expenses are being deducted, and the type of loan. If the loan is a consumer loan secured by the vehicle, then the following rules would...
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Luxury Car Rules May Limit Vehicle Write-Offs: Unfortunately, if you deduct actual expenses for business use of your car, you probably find your write-offs for depreciation restricted due to so-called luxury car limitations. And most any cars (including trucks or vans) fit the IRS definition of a...
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Tax Breaks for Qualified Plug-in Electric Vehicles: Current tax law provides for two separate credits for qualified plug-in electric vehicles. One provides a tax credit for the purchase of electric cars, and another to provide credit for low-speed or two- or three-wheeled vehicles commonly referred to...
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