Racing teams and taxes..

Bradleyracing86 · 6/24/12, 2:07 PM

We started a small parts selling business to help offset the cost of our racing. I am looking for a good book or guide to help with Indiana tax.
I have a pretty good understanding of sales tax for the parts we sell, however Id like a better understanding of what we can deduct on our own cars for advertisment, and promotional purposes.

If anyone knows of a good publication that is focused on our sport I would be appreciative,

-Andy
Hoosier Speed

6/24/12, 2:07 PM	#1 Racing teams and taxes..
Bradleyracing86 Senior Member Join Date: Nov 2007 Posts: 1,621	We started a small parts selling business to help offset the cost of our racing. I am looking for a good book or guide to help with Indiana tax. I have a pretty good understanding of sales tax for the parts we sell, however Id like a better understanding of what we can deduct on our own cars for advertisment, and promotional purposes. If anyone knows of a good publication that is focused on our sport I would be appreciative, -Andy Hoosier Speed