Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old 12-09-2012, 12:31 PM
ted putnam's Avatar
ted putnam ted putnam is offline
LawnSite Platinum Member
 
Join Date: Dec 2007
Location: Arkansas
Posts: 4,105
Quote:
Originally Posted by Darryl G View Post
Good luck making that arguement to the IRS. You know darn well when you're using it for personal use and you're supposed to be keeping a log. The fact that it's lettered does not negate that. Can I say that I've never run out to get a pizza with my truck...of course not, but yes it does sound like you're just tryng to rationalize it.

I also like having a personal vehicle so I can leave the dump trailer hitched up or the tools in the bed and not have to fully demobilize after work. Nice when the wife's car needs to go into the shop too.
You are probably right...and I may have to take that up with the IRS at some point. I have a Tax professional that does my payroll and income taxes monthly and annually. I keep all fuel receipts and give her end of year mileage on all vehicles so she has both to compare. These trucks are on official business over 99% of the time. If the IRS would like to tax me for that < 1% time that they aren't, I say go for it. I promise you, I'm not worth their trouble and I think they know that. They've got "bigger fish to fry" and haven't been concerned with it up to this point. Maybe it's because I pay my taxes and run things on the "up and up" for the most part. I figure that is the best way to avoid throwing up "red flags". We put 10-12k miles on these trucks per year and that is exactly what I report. If at some point they would like to challenge that, I will be waiting for my slap on the hand for not keeping a vehicle log.

To the OP:
If you want to have a business vehicle and a separate vehicle for personal use, I would have the business vehicle be the nicer of the 2. You will be seen at least 8 hrs a day in that vehicle. That vehicle is an important part of your business image and plays an important role in how customers and potential customers perceive your business.
__________________
"The Poor Fish" circa 1930's: The Poor Fish wouldn't have been caught if he'd known enough to keep his fool mouth shut.
Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 07:08 AM.

Page generated in 0.24688 seconds with 8 queries