Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 07-06-2008, 02:21 AM
Junior Member
Join Date: Jul 2008
Posts: 9
Lightbulb Can I lease my personal equipment to my C Corp?

I have some major computer equipment I own personally and I want to use it my newly formed C Corp. Would it be better if I leased the equipment to my C Corp on a yearly basis? And if so what kind of personal taxes am I responsible for on the leasing payments my company would pay me?

Could this strategy be used to do income shifting?

Is there a better way to handle this?

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Auto Lease reberry33 Auto Expenses 0 03-26-2008 07:48 AM
How can a business depreciate used furniture and equipment? nilbos Depreciation 1 02-07-2008 05:39 PM
Personal Tax Liens...will it prevent my New C-corp from flipping real estate? marnidog C-Corporation 1 12-27-2007 10:40 AM
How does one convert from C Corp to S Corp? Leah S-Corporation 1 01-23-2007 12:33 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning