UtPoIT – Vehicle Expenses

This course will go over the treatment of business vehicle expenses, primarily outlined in IRS Publications 535 and 463. This course will explain the rules regarding deducting vehicle expenses and a clarification between business and personal use. Also in the discussion are topics like depreciation limitations and certain special rules regarding the adoption of expense methods, especially in consideration of changes made during the passage of the TCJA for the TY2018, 2019, and 2020 season onwards.