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Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 3:35 pm
by Yahoo Bot

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Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 3:28 pm
by Yahoo Bot

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Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 1:36 pm
by Yahoo Bot

Yes
Sent from my iPhone
On Nov 2, 2012, at 1:01 PM, "Stella Havkin" wrote:
> Do you think that I could claim a lease expense for a client who has been renting his car from car rental company for over a year for $700 per month? He cannot get another car from anywhere.
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> Stella Havkin
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> Certified Bankruptcy Law Specialist The State Bar of California Board of Legal Specialization
> Certified Consumer Bankruptcy Law Specialist The American Board of Certification
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jesseelaw@aol.com
> Sent: Friday, November 02, 2012 12:54 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Vehicle Rental Ownership Expense?
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> They are leasing the cars from their parents so I would sure claim the expense as a lease expense under Lines 23-24 on Form 22A.
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> 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 writes:
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> 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 as well. 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/
> Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
>
> This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://www.bklaw.com/bankruptcy-blog/20 ... efinition/)
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
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Yes Sent from my iPhoneOn Nov 2, 2012, at 1:01 PM, "Stella Havkin" <havkinlaw@earthlink.net> wrote:


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Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 1:17 pm
by Yahoo Bot

Stella, I'd say your formal arrangement is a stronger argument than using
and paying for a relative's car. Not that Lines 23-24 wouldn't work for the
latter (novel) situation; I just haven't tried it before. Hale
_____

The post was migrated from Yahoo.

Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 1:01 pm
by Yahoo Bot

Do you think that I could claim a lease expense for a client who has been
renting his car from car rental company for over a year for $700 per month?
He cannot get another car from anywhere.
Stella Havkin
cid:part1.09090707.02070109@yahoo.com
Certified Bankruptcy Law Specialist - The State Bar of California Board of
Legal Specialization
Certified Consumer Bankruptcy Law Specialist - The American Board of
Certification

The post was migrated from Yahoo.

Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 12:53 pm
by Yahoo Bot

They are leasing the cars from their parents so I would sure claim the
expense as a lease expense 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 writes:
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 as
well. 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 of
Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency (see what this means
at

The post was migrated from Yahoo.

Vehicle Rental = Ownership Expense?

Posted: Fri Nov 02, 2012 12:38 pm
by Yahoo Bot

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 as well. 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/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at

The post was migrated from Yahoo.