hi, i was reading a book on the things i can deduct under a S corporation. i read that i can do what is call gift-leaseback where i create a trust under a ralative name and i give my computer, car, desk to the trust and lease it. this can be deductable since i am leasing. does anybody knows about this? can somebody tell me how do i go about doing this?

also, i have my corp setup in NJ and im the only owner(employee). by law, worker compensation insurance is required. i feel it is a waste of money. in NY this is not require if you are the only employee. if i change the address of my corp to NY and file for permission to work in another state(NJ), will i still need worker compensation even though my corp is now in NY (no insurance req) but i work in NJ(insurance required)



thanks