tax man is here

[dean51267]

Okay guys for the next few minutes I will answer tax questions as needed.....
Dean Owen, CPA, CBM, MST

[wsuwrhr]

How come the government takes more and more?
Brian

[HavaTan]

Did they close the Heavy Duty Truck deduction yet. You know, the one where you basically get to write off the entire purchase price of a truck over 6000# if you own your own business?!?

[dean51267]

Brian, think about it, if all you had to do was say YEA and that alone would FORCE people to give you money, just exactly when would you stop saying yea?

[dean51267]

Yes, it is closed, that one inparticular, seems congress flipped out over guys (likie me) writting off H2's.
(P.S. boats can still be written off if you do it right)

[HavaTan]

Damn...I've used that one twice...If figures, at least I did get to use it for a couple of trucks.

[Dawn Patrol]

Can I write off my boat & RV membership, if I use it with my Biz Partners? If so, what can I write off ? Storage fees, Annual dues, Gas, Entertainment?

[ChumpChange]

Yes, it is closed, that one inparticular, seems congress flipped out over guys (likie me) writting off H2's.
(P.S. boats can still be written off if you do it right)
And how can I make sure I do it RIGHT?

[diggler]

Writing off boats purchased last year? What about that AND buying a new engine?