buy a big-ticket item with business$$ or personal$$?

I own a family-based S-corp with some $$ that have not been paid to me via W2, for tax reason. Let's say I plan to buy a new car this year, so the question is:

1. Should I buy a car for my business and use $$ before tax, that is obvious ~30% off car's price tag. The car will be used for biz purpose (e.g. travel to work site).

2. Or I can also use (W2) $$ out of my pocket, but harvest tax benefit annually by using itmized depereciation. It is not obvious what much saving it will end up with (in ~`10 yrs?)

Any one here can shed some light? Thanks in advance

所有跟帖： 

• Even in S-corp return, car is not alowed to deduct. It must be -不開竅- ♂ (75 bytes) () 03/04/2012 postreply 08:06:40

• A car is not alowed to deduct. It must be depreciated. -不開竅- ♂ (0 bytes) () 03/04/2012 postreply 08:56:41

• you should had bought it on 12/31/2011 -jy101- ♂ (521 bytes) () 03/04/2012 postreply 09:38:42