Might as well be, if they use it for work it counts. My boss bought a luxury RV for our company, he’s the only one whose ever used it but technically there is a contract if a customer wants to rent it. Not that anyone was ever instructed to actually shill it.
So many people think “tax deductible” literally means you subtract it from your taxes.
It’s still a hefty discount
“Tax creditable” just doesn’t have the same ring.
Might as well be, if they use it for work it counts. My boss bought a luxury RV for our company, he’s the only one whose ever used it but technically there is a contract if a customer wants to rent it. Not that anyone was ever instructed to actually shill it.
That means it’s a business expense, not that you can literally deduct 100% of it from your taxes.
That’s fraud, you can report it to the IRS
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