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Old 02-13-2008 | 04:52 PM
  #12  
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HIFLYR
Gets Weekends Off
 
Joined: Sep 2007
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From: 777 Captain in Training
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Originally Posted by ToiletDuck
I did some digging and you're right! I asked my accountant and was told I was able to because I had/have my own business and the truck I purchased was for that. I also have an Amex I use for all my business related purchases which is what I deducted any interest off. Thanks for speaking up. As I said I'm not an accountant so I'm sure there are holes. If anyone finds anymore let me know and I'll patch them up.
If you really want to save money you should not pay interest on any credit cards. Pay your bill in full every month no matter how painful. Per my CPA's advice I do not sometimes claim every "allowable" dollar or deduction on my tax return but I probably will not get audited. Believe the Country Lawyers advice you do not want to get audited it is not worth pressing your luck. The IRS makes the FAA look like girl scouts.
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