02-29-2004, 06:57 PM
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 Re: S-Corp Auto "SteveO" <soxenberg[at]yahoo.com> wrote - quote - > I would like to buy a new auto that is 100% business use. If
"Business" auto insurance is very expensive. So are> I buy with S-Corp $ and put in S-Corp name the insurance is > high. What is the next best way? 'business' pencils. - quote - > Is this the best approach and if so where can I locate more
You could keep the vehicle in your name, and then it'd be> specific detailed information. personal insurance, and have the company reimburse you for your business mileage. It could work out to be a higher overall expense in some cases. -- Snowmen fall from heaven unassembled. ------------- Paul A. Thomas, CPA taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-26-2004, 04:33 PM
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| S-Corp Auto I would like to buy a new auto that is 100% business use. If I buy with S-Corp $ and put in S-Corp name the insurance is high. What is the next best way? Is this the best approach and if so where can I locate more specific detailed information. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| auto, scorp |
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