Leases Archives - FREE Yourself from IRS Problems

Shamsey Oloko July 5, 2017 Business Expenses, Deductions, Expenses Deductions, Itemized Deductions, Leases, Ordinary and Necessary Expenses 0

Getting a New Car for Business? Buy or Lease? Part 2: Tax Consequences

This blog will address the tax consequences of both leased and owned vehicles used for business purposes. Hopefully, it will offer some insight into the decision as to what is best for your business: buying or leasing? With both owned…

Shamsey Oloko July 3, 2017 Business Expenses, Deductions, Expenses Deductions, Itemized Deductions, Leases, Ordinary and Necessary Expenses 0

Getting a New Car for Business? Buy or Lease? Part 1: Leased Vehicles

Many business owners rely on transportation to achieve the goals and purposes of their business. A car purchased for use in a business has certain tax advantages for the owner. However, many business owners are now leasing cars for business…

Shamsey Oloko November 18, 2016 Leases 0

Tax Treatment Of Lease Terms Part 4: Lease Termination Payments From Tenant To Landlord

There are many issues which landlords and tenants must negotiate in commercial leasing transactions. In the first two parts of this article, which deals with the tax treatment of important lease terms, we discussed lease inducement payments and tenant construction…