12-21-2016, 11:27 AM | #23 |
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congrats on the new cars and related tax evasion
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12-21-2016, 11:48 AM | #25 |
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Are you hiring?
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12-21-2016, 12:33 PM | #26 |
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This looks awesome. I wish I had 3 other friends or co workers that have similar cars to take pictures like these with lol.
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12-21-2016, 12:47 PM | #28 |
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Exactly
But jealous people prefer saying "tax evasion" ... |
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Ghostriderf80840.00 brassovaries9.00 |
12-21-2016, 02:09 PM | #31 |
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EPIC.
vote for front page of bimmerpost!
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12-21-2016, 02:11 PM | #32 |
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I'm sure Trump pays all his taxes, and he's the president so the door's open!!
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12-21-2016, 03:47 PM | #34 | |
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12-22-2016, 12:09 AM | #35 |
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Company owned, but the primary drivers are listed as each of us. The only mods planned so far is chips for 2 of us, and I want a stealth sub.
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12-22-2016, 12:11 AM | #36 |
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There are about 28 of us right now. Everyone has been pretty cool about it. I feel that we pay everyone fairly and it really helps to be transparent with everything so that everyone understands why things are the way they are. We give bonuses where they are due... and these guys have definitely earned them
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12-22-2016, 12:12 AM | #37 |
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12-22-2016, 12:13 AM | #38 |
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12-22-2016, 01:53 AM | #40 |
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That has been there too. Nothing new. All they did was extend the 50% bonus depreciation through 2019 with it phasing down over the next few years.
Last edited by trev230; 12-22-2016 at 07:11 AM.. |
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12-22-2016, 11:17 AM | #41 |
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"New Car" incentive... it's not a new program. It only works for new cars and I'm pretty sure it expires in 2018 for the 50% and then goes down over the future years... at least that's how I remembered it.
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12-27-2016, 10:06 AM | #42 | |
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I cannot find anywhere where it specifically states that it can only be applied to new vehicles. What I do see is it stating "new to you" so technically if I'm reading correctly, used cars apply as well. Also, with regard to the 6000lb GVWR ruling, it states that "Limits for SUVs or Crossover Veicles with GVWR above 6000lbs - Certain vehicles with gross vehicle weight above 6,000 lbs qualify for expensing up to $25,000 if the vehicle is financed and placed in service prior to December 31 and meets other conditions." So my question is, how are you doing 100% of the vehicle price, or are you instead at the specified $25,000?
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12-30-2016, 06:36 AM | #44 | |
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I have used Section 179 twice now. The vehicle has to be "new to you", not necessarily brand new. There haven't been any changes to the guideline with the exception of them extending it until 2019 with a phase out starting next year on the amount of depreciation you can take. The bonus depreciation has always been in place and allows you to take 50% off the top, not the entire thing. Then small chunks every year after. You There are no incentives for a brand new vehicle. It just has to be "new to you". |
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