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September 29, 2015

Lease or buy, should be an easy decision for a business owner, right?

Real Life Event: Ditching the 2002 Honda Accord and ponying up for a 3-Class BMW with all the bells and whistles. Tax Issue: Does it make more sense for a business owner like myself to lease the BMW or buy? Tax Code: Section 162 (a) – Probably the most cited section of the Internal Revenue Code – This section states […]

Life and Taxes Blog 0 2 min read

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