Is car registration deductible if my car is my main transportation for work? | Dofollow Social Bookmarking Sites 2016
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Yes, car registration fees are deductible if your car is used for business purposes. To claim this deduction, allocate the portion of the fees related to business use, calculated by determining the percentage of business miles driven versus total miles. Include this expense during C-Corp tax filing under vehicle-related expenses. It’s crucial to exclude personal use of the car from the deduction to remain compliant with IRS regulations. Maintain detailed mileage logs, receipts, and any relevant documentation to substantiate the deduction in case of an audit. Accurate recordkeeping can also help you avoid penalties and streamline your tax filing process.

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