|
You may think that you just bought a
new vehicle. Or that you leased a vehicle from your local dealer. But you
better be sure that the IRS agrees with you.
You see, if the IRS finds that your lease is not technically a "true lease," or that your purchase is not technically a purchase, you could owe additional taxes and big penalties. Don't fall into this all-too-common trap. You'll get the facts (and stay out of trouble!) when you read my new article titled Trap to Avoid: Leasing When You Thought You Were Buying—or Vice Versa. Three ways our fact-filled article can help you:
1.
You'll
learn why getting the transaction right is so important. For starters, a lot of money is at stake because leases
and purchases often have significantly different tax consequences. If it
turns out you don’t have a "true lease," the IRS will deem it a
"purchase" and keep you from claiming the rent payments as business
deductions under IRC Section 162(a)(3). You'll get the whole story when you Read
the FREE article.
2.
We'll
explain what a "true lease" really is and help you spot IRS red
flags. A "true lease" is one in
which you pay to use the vehicle and not simply obtain
ownership of it. There are five red flags the IRS looks for when determining
if a lease is really a sale in disguise. We'll tell you what these red flags
are when you Read
the FREE article.
3.
We'll
explain the difference between closed-end and open-end leases. This is an important distinction that you need to
understand before you lease your next vehicle. You'll get all the
facts when you Read
the FREE article.
To get started, CLICK
HERE. You'll get a no-obligation 7-day FREE trial during
which you can read, not only the article I mentioned above, but all of
our helpful tax-saving tips from the last two months. This trial is
absolutely free and there are no strings attached. That's a personal promise.
Sincerely, 
W. Murray Bradford, CPA
Publisher
|
 |
|
|
No comments:
Post a Comment