Provide Audit with a brief email about the ins and outs of a business-use vehicle.

Overview: You received a referral from an existing client that has a brother in need of advice.Brother, Sam Audit, is starting a new business. Audit is going to need a new pickup truck to get his venture off the ground. Audit wants to know what tax breaks or "loopholes" you can point him to regarding this new purchase. He specifically wants to know if the truck needs to be new since, "some new ones are more than $60,000".

Answer rating: 100% (QA)

Subject Tax Considerations for BusinessUse Vehicle Purchase Dear Sam Audit I hope this email finds you well I understand that youre embarking on a new ... View the full answer