Any Accountants Out There???

[H2Norcal]

The thing you have to be aware of in this whole "use the H2 as a business write off thing" is you have to use it for 100% business or you have to report your personal mileage in a mileage log which will be used against you as "compensation" on your W2 wages (fringe benefits baby).

In other words, you figure out what mileage you used it for personal use and there is a something called "business vehicle used for personal use compensation form" and you get hammered.

I am not a CPA but I own a business and use the H2 as my business vehicle. My CPA is telling me if you use it more for personal use, the business vehicle could be a tax burden.

Ask about it.