Moto tax write offs?

Mx391
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Mx391
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small business owners do this.
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newmann
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newmann 2/12/2019 10:16am
2/12/2019 10:16am Edited Date/Time 2/12/2019 10:18am
Mx391 wrote:
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small...
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small business owners do this.
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain rental properties...

Bike graphics and big decals on your trailer? Do the big decals say "Steal Me"?
huck
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huck 2/12/2019 10:31am
2/12/2019 10:31am
Mx391 wrote:
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small...
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small business owners do this.
The IRS will look and determine if your 'graphics and decals' are really an advertisement for whatever business you say you have.

It's a fine line with them. You can write it off as 'advertising expense', but if your business is lawn care, the IRS will ask how often the trailer is used for lawn care, vs how often it is used for non lawn care. It's not a deductible item while you're using it for MX...but the decal advertising your lawn company is.

Just like company cars.... if you buy a car as a company car, it is only to be used for company travel. And going to and from work isn't qualified as 'company travel', per the IRS. So then you have to determine how much you use it for official company travel (calling on customers, making service calls...) and how much is used for leisure (going to work, going to the track, going to dinner)... and you'll have to claim that percentage as an income from the company.... Clear as mud, huh!? lol
Mx391
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Mx391 2/12/2019 11:22am
2/12/2019 11:22am
Mx391 wrote:
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small...
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small business owners do this.
newmann wrote:
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain...
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain rental properties...

Bike graphics and big decals on your trailer? Do the big decals say "Steal Me"?
Insurance
newmann
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newmann 2/12/2019 11:49am
2/12/2019 11:49am
Mx391 wrote:
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small...
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small business owners do this.
newmann wrote:
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain...
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain rental properties...

Bike graphics and big decals on your trailer? Do the big decals say "Steal Me"?
Mx391 wrote:
Insurance
Trailer is insured, contents coverage for everything inside and individual policies for the bikes? Who do you use and what are the limits and costs?
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Sir Roostsalot 2/12/2019 7:03pm
2/12/2019 7:03pm
IRS is understaffed and totally backed up this year. Audits are way down from years past. Thanks Donald!
APLMAN99
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APLMAN99 2/12/2019 7:34pm
2/12/2019 7:34pm
newmann wrote:
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain...
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain rental properties...

Bike graphics and big decals on your trailer? Do the big decals say "Steal Me"?
Mx391 wrote:
Insurance
newmann wrote:
Trailer is insured, contents coverage for everything inside and individual policies for the bikes? Who do you use and what are the limits and costs?
Non-business contents (except motorized vehicles like motorcycles) would be covered under a home owners/renters policy.
Ghost of Jabroni 2/12/2019 10:13pm
2/12/2019 10:13pm
Mx391 wrote:
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small...
Any incorporate their business expense with moto? Are bike graphics and big decals on our enclosed trailers a write off? Curious to know how some small business owners do this.
newmann wrote:
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain...
Small business owners will use anything that passes the sniff test as a business expense to lower taxable income. And that trailer is used to maintain rental properties...

Bike graphics and big decals on your trailer? Do the big decals say "Steal Me"?
Mx391 wrote:
Insurance
Good luck getting them to pay up.

Be it health, life, or auto insurance... I trust them about as much as I trust politicians.

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