Can I off set any of my recent loss due to scam with car I was buying, I have small company ...very pis#ed off,
2006-08-15 00:17:22 · 6 answers · asked by mark r 1 in Cars & Transportation ➔ Buying & Selling
Claiming that loss against taxes I believe would be tax fraud. To be sure contact a tax advisor. I would also contact law enforcement about the scam and see if they can offer you any relief (like catching the perpetrators as you may be able to sue and collect from them)
2006-08-15 00:24:11 · answer #1 · answered by wzzrd 5 · 0⤊ 0⤋
The fact you have a small business, Did you write a personal check for that car? NO you can't. Personal Loss... Company check you might be able to say it is a loss. Losses can reduce profitability, Remember your balance sheet is everything Profit and loss statements are important to look good when you issue an initial stock offering. Sell your business or just go for a loan.
2006-08-15 00:41:07 · answer #2 · answered by John Paul 7 · 0⤊ 0⤋
"ok i'm 19 and desperate to get me my first motor vehicle..." and that i anticipate it grow to be a used motor vehicle, and offered as is, superb? Did you are trying rigidity it? Did you're taking it to your mechanic and characteristic it inspected until eventually now you placed your money down on the table and signed the acquisition order? in case you probably did all that, and desperate to purchase the motor vehicle in keeping with what you discovered, or regardless of in case you probably did no longer do this and desperate for regardless of reason to circulate forward and purchase it, how do you think of you acquire robbed? Did the broker carry a gun to your head and make to sign papers and rigidity the motor vehicle off the lot? in basic terms new vehicles might nicely be lemons, and in basic terms after particular circumstances are met, it varies via state yet is often means you have had the comparable concern thrice and that they've been no longer able to restoration it. so which you have not got a lemon interior the legal sense of the be conscious. i might propose in case you're making plans to get yet another motor vehicle after tax time which you carry out a sprint learn on it first so which you do no longer land up with greater issues. good success.
2016-12-11 09:02:05 · answer #3 · answered by shoaf 4 · 0⤊ 0⤋
If it was a company car, maybe. If it was in your name, probably not.
I am not a lawyer or a tax accountant - you're best getting advice from someone who would actually know how to pull this off if it is possible.
2006-08-15 00:39:59 · answer #4 · answered by Mad Scientist Matt 5 · 0⤊ 0⤋
the scam would have to be revealed and litigated in court to be able to write it off as a buisness loss
2006-08-15 00:21:40 · answer #5 · answered by caddy girl 3 · 0⤊ 0⤋
No. You cannot claim that you were stupid.
2006-08-15 00:20:26 · answer #6 · answered by Anonymous · 0⤊ 1⤋