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Community: Investing Wiki

Term Of The Hour

actual expenses method: Original post by Craig Woodman of Demand Media The use of a vehicle to move people or things for a business is an expense related to business profit and is deductible on the business's income taxes. This is true with a C corporation as well as any other type of business. While a corporation can deduct the actual expenses incurred in the use of the vehicle, many companies benefit more by claiming…

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