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MOORE’S SERVICES is a full service Tax Preparation Company that provides year-round services. We specialize in both individual and business taxes. We also offer Notary Public Services. Come in and see us today.

Thursday, January 26, 2017

Deducting Business Use of Car

If you use your car in your job or business and you use it only for that purpose, you may be able to deduct its entire cost of operation. However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use and you must keep records to support your claim.
Your unreimbursed employee expenses are subject to the 2 percent of adjusted gross income floor on Schedule A

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