[robd1]

I won?t have a definitive answer as to what (or if) there is a tax break for business owners but here is what I found yesterday in addition to the posts so far. I thanks you all for your posts.

My CPA is off this week but I called his firm and spoke to another CPA. I don?t know the guy but he told me that ?to his knowledge?, the write-off for business owners is still in effect. He said the 100% write-off was nuked a year or 3 ago (which we knew) but there still should be a ?significant write-off for business owners?. This didn?t tell me much and I couldn?t really ask the guy to look it up and give me a definite answer since I?m not his client and not paying him. Anyway, it?s another positive confirmation that there is some kind of a decent a tax break out there for business owners. I won?t know the full details until Monday when my CPA comes back from vacation but I will post here what he finds and he is good.

I will agree with Mr. I-Man that whatever tax break is out there, you better be able to back it up on paper in case you get audited. If commuting to and from work does not count in the IRS?s eyes then it looks like you will need to have been keeping track of mileage, gas receipts and possibly dated receipts from the places you buy from to prove it?s legit. I won?t know the details until my CPA gets back but I?ll be happy to post what I find. Badging the vehicle for advertising might be another route and I?d happily do so if it saved me seriously money while advertising my business. I?ll check it out and post my findings next week.

By the way, for any business owner that has claimed this first-year deduction, does it absolutely have to be a brand new ?06/07 vehicle or does buying an ?05 with under 10k miles still count?

Rob