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Old 02-19-2006, 10:38 PM
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Join Date: Jul 2005
Location: cumberland, md
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Accelerated Depriciation!!

Quote:
Originally Posted by HighwayUFO
Got my federal taxes back and that provided me the means to get my new tires. Falken GRB FK 451's sized 245/45/ZR16 92Y. YEAH!!! I get my new exhaust on Tuesday. I'll take some pics of the exhaust and get them to you hopefully by Tuesday night.
Thanks to George Bush, and a 'smart' bookkeeper, I took advantage of the accelerated depriciation, (in 2004), and used the write-off to finance a Dodge truck, and the red Outback ( for business porpuses), Bought chrome wheels for the Dodge, and financed a 'head-job' for the outback,etc, and it all came right off the top!
Then I 'expenced' 90% of the money spent on the cars, and took a deduction for 'advertising', for my entry fees and gas, and tires for the auto-cross!!

You gotta play by their rules, KNOW the rules, and use them to acomplish your GOALS!!!

A Good Bookkeeper is WORTH every 'deductible' DOLLAR you spend on him!!!

Jerry
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"Can't go to work today. The 'voices' said to "Stay home and clean the guns".


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Jerry
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