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Subject Author Date
S Corp & Taxes on Hybrid Vehicle superprimenova 11-25-2007
Posted by superprimenova on November 25, 2007, 9:24 am
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We operate a S Corporation and this as of next month it is 3 years
since we gotten a new car, we were considering purchasing a Nissan
Altima Hybrid 07 which comes with $2200 tax credit, would we still be
able to receive the business tax deduction and the tax credit if we
purchase it under the business? Also, are we allowed to since this
will soon be more than 3 years since we made our last car purchase
for
our business?


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