Leasing a car for an owner operator business?

Technically using it for the purpose of going to and from the truck for work would not be legal. The IRS has a commuter clause that prohibits that.

But, you can use the vehicle (I’d advise a pickup) to go check on the truck or work on it.

 

True, travel to and from your place of employment is not a deductible expense. That would include tolls and all the related items. Your place of employment would be where you park your truck. If you pay any rents for that parking location, it is deductible.

 

To Tall Joe.
Do you need a new car? A used car if just off a lease still has a warranty. Or just buy an older vehicle for cheap.

 

I discussed this with my accountant a while back except a purchase, not lease. Many people do this. You can claim a certain percentage business and personal like 80/20 or whatever works for you.

 

Given the very low mileage you would be using it every year, I dont think those usages are unreasonable at all

 

As a fleet owner, I don't rack up the miles to justify a lease, I had a customer who made the claim of sales calls do the owners of the place leased vehicles in the company name to write it off but they also had their annual stockholders meeting in some far away land, I heard last year was Austrailia.

Anywho, taking mileage from the house (place of business) to my Detroit yard (another place of business) to Indiana (another place of business), I record the mileage with help of my custom note pad in the car or truck, I don't give reasons though, been asked at an audit and told the girl "it is for business".

Do I stop occasionally to get something?

Hell yes, last month instead of making the trip back through Ohio on 24, I went up to i69 and the turnpike to get lottery tickets for my wife (don't ask). BUT I also stopped at the t/s to pick up trade journals (wink wink).

One month I had to make three trips up to the thumb area for negotiations, I stopped at a place to pick up car parts for one of my cars.

 

Hello, I'm with the IRS. We've subpoenaed your IP address and identification from this forum...all you tax cheaters will be receiving a tax audit notice very soon. That means any of you who were even THINKING about cheating us out of our tax revenue!

LOL