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Andrew Schwartz CPA
Oct 18, 2008 - 4:31AM
Re: Is there any practical limit to how nice a car one can deduct?

Wow, that's a lot of questions.

For the most part, any expense that qualifies as "ordinary" and "necessary" in connection with your profession is generally tax deductible. Each of the items you listed, however, has specific rules and tax court case history that should be factored in as well.

If you ever get audited by the IRS, it's up to you to substantiate the deductions you claimed.

I'd be glad to address one or two of the issues you listed in your question. Let me know.

Zip Code: 01801

Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: Is there any practical limit to h...