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Business Owners! Take Advantage of Great Pricing PLUS Tax Deductions before Year End

Tax Time Trucks

Tax Time means big tax incentives for business owners!

You probably didn’t read that as something to look forward to, but if you are a business owner, we have some news that might change your mind.

If you own a business and purchase a new work vehicle from Runde Auto Group before Dec. 31, you could be eligible for up to a total of $510,000 in tax deductions.

When you add tax incentives to other small business and national incentives on eligible vehicles, you can significantly impact your bottom line. Adding a new work vehicle to your fleet could be more beneficial than ever. Whether it is the capable, hardworking Silverado or flexible Express Cargo, our commercial vehicles are engineered to get the job done.

You can read more about the details of Section 179 here: Section179.org.

Not sure if you qualify for Business Choice Rebates? You need to be able to answer “Yes” to the following questions:

1. Are you a business owner?

2. Is the vehicle used in the day-to-day operation of your business and not solely for personal/non-business-related transportation purposes?

3. Can you provide one of the following eligible business documents that identifies you as the owner of the business?
  GM Fleet Account Number (FAN)
  DBA (Doing Business As)
  Sales Tax License
  State Business License or State/Federal Business Tax ID Certificate
  State Occupational License for Trade (For example: plumbers, electricians, contractors, etc.)
  Municipalities (In lieu of bid assistance, vehicle must be in the name of the municipality)
  Municipal Business License
  Prior-year Schedule C (Form 1040) or Schedule F (Form 1040-Farmers only)
  Crop or Livestock Insurance
  Federal Land Use Restriction and/or Land Grant Subsidiary Documentation
  Commercial General Liability Insurance Policy/Public Liability Insurance Policy and/or Workmen’s
• Compensation Insurance Policy
  State or Federal Authorized Business Web Site
  Pocket List of Railroad Official Guide (Only eligible when railroad operators incentive is not used)
  Most Current Business Tax Forms
  Timber Registration Number
  Agriculture ID
  Tax Form 1120-S
  Tax Form 1065
  Farmer’s General Liability Insurance
  Articles of Incorporation
  Pocket List of Railroad Official Guide

Here are some charts that show the tax deductions you can expect to receive. Each individual’s tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit www.irs.gov.

Tax Banner 2017.jpg

Chrysler Tax Chart.jpg

Ford Tax Chart

Learn more here: http://www.chevrolet.com/tax-deductions or Section179.org.

 

 

 

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