auto expenses

Can I Deduct Travel Expenses For My Business Partner?

by

Can I Deduct Travel Expenses For My Business Partner? If you’ve established that your spouse’s presence does have a bona fide business purpose, then you may deduct his/her share of business trip expenses. Examples of these types of expenses would be transportation, meals, lodging and incidental costs such as dry cleaning, phone calls, etc. What

Can I Deduct For Auto Repair On 1120S?

by

Can I Deduct For Auto Repair On 1120S? Corporations, S-Corps, and Partnerships may only claim actual expenses for vehicles. Thus, your S-Corp may claim depreciation, fuel expenses, oil expenses, repairs, insurance, and so forth. Can you write off major car repairs? Car repairs are currently deductible in full the year they’re made. A repair keeps