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Business
Who Should Own the Business Car: Corporation or Individual?

Deciding who should own the business car—yourself or your corporation—is a crucial decision for single-owner S corporations. This choice impacts insurance rates, tax deductions, and administrative complexity. Individual ownership may offer better insurance rates, but it complicates reimbursements and tax reporting.

Happy Labor Day from IRSProb.com

Celebrate Labor Day with IRSProb.com! Your Texas-based partner for tax relief, liens, and IRS audits. Relax, we’ve got your taxes covered!