Get a free ride—write off your car! Warning: You’d better be wise about this.

Explore the scenarios for purchasing and writing off a vehicle for business use. Learn how the best approach will likely depend upon how your business is set up and taxed.

We also discuss how taking bonus depreciation and the realities of your annual usage can collide, leading to recapture problems. This video discusses using the standard mileage reimbursement and tracking your mileage. When you subscribe to Tax Tuesdays, you get ongoing money-saving learning opportunities and never skip a beat!

TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/0e6f0f

Show Notes:
0:00 Intro
2:56 Other Ways to Write Off a Vehicle
6:05 Recapture Explained
9:06 Example
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
https://aba.link/subscribe

~~~~

FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/8p3

Infinity Investing
Ready To Make Your Money Work For You? Learn Next Level Passive Income Strategies Through Real Estate & Stock Investing.
Attend our FREE Infinity Investing Workshop 👉 https://inf.link/67e

FREE REAL ESTATE INVESTMENT STRATEGY SESSION
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 https://aba.link/fqw

OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our partners, attorneys, and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
https://aba.link/tobyevents

~~~~

FINANCIAL PLANNING & TAX RESOURCES

📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook

Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop

Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba

~~~~

FOLLOW US:
Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin
TikTok:   / tobymathisesq  

~~~~

CONTACT US
Phone: 800.706.4741
Email: [email protected]
Fax: 702.664.0545

ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#taxdeductions #businesscar