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Vehicle Rental =3D Ownership Expense?
I believe that position is logically defensible. There is a written
rental agreement which is renewed every so often. Sounds to me like a short
term lease. You might want to check on the IRS standards for what it calls a
lease expense.
Mark T. Jessee
Law Offices of Mark T. Jessee
"A Debt Relief Agency"
50 W. Hillcrest Drive, Suite 200
Thousand Oaks, CA 91360
(805) 497-5868 (805) 497-5864 (Facsimile)
In a message dated 11/2/2012 1:01:19 P.M. Pacific Daylight Time,
havkinlaw@earthlink.net writes:
Do you think that I could claim a lease expense for a client who has beenrenting his car from car rental company for over a year for $700 per month?
He cannot get another car from anywhere.
Stella Havkin
Certified Bankruptcy Law Specialist The State Bar of California Board of
Legal Specialization
Certified Consumer Bankruptcy Law Specialist The American Board of
Certification
jesseelaw@aol.com
Sent: Friday, November 02, 2012 12:54 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] Vehicle Rental Ownership Expense?
They are leasing the cars from their parents so I would sure claim the
expense as a lease e xpense under Lines 23-24 on Form 22A.
Mark T. Jessee
Law Offices of Mark T. Jessee
"A Debt Relief Agency"
50 W. Hillcrest Drive, Suite 200
Thousand Oaks, CA 91360
(805) 497-5868 (805) 497-5864 (Facsimile)
In a message dated 11/2/2012 12:37:40 P.M. Pacific Daylight Time,
_bklawr@yahoo.com_ (mailto:bklawr@yahoo.com) writes:
&n bsp;
Debtors are paying for two vehicles that are titled in the name of their
parents, and the secured debt on the vehicles are in the parents' names aswell. If they enter into a rental agreement with the parents (which is
essentially what the arrangement is), would this be sufficient to allow them to
take the means test deduction for the vehicles in Lines 23-24 on Form 22A?
Anyone ever make that argument?
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: _http://www.bklaw.com/_ (http://www.bklaw.com/)
Certified Bankruptcy Law Specialist--The State Bar of California Board ofLegal Specialization
This Firm is a Qualified Federal Debt Relief Agency (see what this means
at
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