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Car Dealership FAQ

January 7, 2017

Does my Car Dealership Need to Account for the Value of Trade-Ins?

Many car dealerships offer their customers and clients the option to trade-in a used car and truck prior to the purchase or lease of a new […]
January 7, 2017

What Tax Concerns Exist When a Dealership Repossesses a Vehicle?

Car dealerships want deals to work out so that their customers will come in time and time again for repeat business and provide positive word-of-mouth advertising. […]
January 6, 2017

Is the IRS Aware of Car Dealership’s Methods of Underreporting Taxable Income?

Many business owners who frequently deal with trade-ins and cash purchases frequently believe that these and other factors provide the plausible cover they need to fraudulently […]
January 6, 2017

Do I Have to Pay Income Tax on Online Sales Commission?

Many Californians and Americans have taken their entrepreneurial spirit online and started an e-business. In some cases, the individual may build a company from scratch. However, […]
January 6, 2017

Can A Related Finance Company (RFC) Result in Tax Problems for a Car Dealership?

Many new and used vehicle dealerships make use of what is known as a related finance company when providing customers credit to purchase a car or […]