taxes

[Warren Fisher]

James Grebe wrote:
>
> Dear List,
>         Have any of you who have a vehicle that is soley (100%), therefore fully
> deductable seen the question on this years tax return.  It is on the back
> page of form 4562 Depreciation and Amortization.  Part V line 32 and
> states,
>          "Was the vehicle available for personal use during off-duty hours?  May I
> ask what is the difference.  What does that have to do with anything.
> line 35 already asks if there is another vehicle you use for personal use.
>
> Is the IRS getting ready to pull something on us.  If we have a business
> deductable let-off tool with handle is that going to mean that if we have
> that tool available for personal use during off duty hours then in the
> future it may not be 100% deductable.  Time will tell.  The IRS police are
> always watching.  I don't know about you guys but I got soaked for another
> thousand extra this year towards last year.  I guess I need to buy a lot
> more tools this year and have them not available for off-duty use :)
> James Grebe from St. Louis
> pianoman@inlink.com

James,

I looked it up in my 96 return and my accountant left that whole page
blank.  I think it refers to a truck that one of your employees might be
using.

Hope this helps,

Warren
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Warren D. Fisher
fish@communique.net
Registered Piano Technician
Piano Technicians Guild
New Orleans Chapter 701