Vehicle Related Expenses. You can claim the following vehicle related expenses: gas Oil changes Repairs Toll charges Parking Insurance Tax depreciation (if you own) or lease payments (if you lease). Importance of keeping a log book.
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1) A management corporation
2) A Real Estate company
3) Holding corporation
Classified as a flow through for tax purposes, meaning that only the investors are liable for tax.
Avoidance of estate tax.
Under your own name:
Expenses are tax deductible
Limited liability Corporation:
Three layers of tax including estate tax and withholding tax.