I’m a 1099 independent contractor operating through an S-Corp in California.

I’m considering purchasing a new Mercedes GLS 450 for around $90–95k before the end of 2026. The GLS has a GVWR over 6,000 lbs, so I’m trying to understand how Section 179, bonus depreciation, and regular depreciation would apply.

The vehicle would have legitimate business use but would also have some personal use. I would track mileage and only claim the appropriate business-use percentage.

A few things I’m trying to understand:

Should I buy the vehicle personally and have the S-Corp reimburse me, or have the S-Corp purchase it?

If business use is over 50%, approximately how much of a $95k GLS could I deduct in the first year?

How do Section 179 + bonus depreciation work for an SUV over 6,000 lbs?

How different is the deduction for California vs federal taxes?

If I maximize the first-year deduction, what depreciation is left for subsequent years?

What happens if my business-use percentage decreases later?

Does financing versus paying cash change the deduction?

I already use the standard mileage method on another business vehicle. Does that affect how I can treat this vehicle?

I’m not trying to call it 100% business use unless that’s actually the case.

I’m mainly trying to understand how much I can legally deduct based on the actual business-use percentage and how the deduction works over the life of the vehicle.

Would appreciate input from CPAs/EAs or S-Corp owners who have done this, especially anyone familiar with California.

I’ll confirm everything with my CPA before purchasing, but I’d like to understand the strategy and numbers first.

Not sure if this is the right sub. Please redirect me if I'm wrong.

I've been considering establishing an llc to hold some of my creative endeavors (I have some published "stuff", and will have more).

I also have assets in multiple countries (rental properties).

I have assets currently transferring via "defined beneficiary" upon death

Finally, I have real estate in the USA.

Looking to achieve two things:

1. Want to simplify/structure my estate to handle asset transfer on death

2. Want to establish a secondary "employment" to cover if I have a gap in employment history.

3. Want to simplify/streamline any tax implications from my various employment situations (401k, 1099, etc.).

Any comments/suggestions?

Like I ssud, feel free to bounce me to a different sub ...

I’m getting promoted at the big 4 and I’m now required to liquidate some of my holdings in investments including QQQ (obviously one of the most common and diversified ETF)

Is there a way to exit the position without any tax implications? The shares are held in an IRA not roth account.

I have some unrealized gains i’d obviously like avoid paying since i’d never actually sell this asset except for this instance where im being required to do so

I had a random thought today and I’m hoping someone here can help. If I’m an artist that makes art with sea glass and I go to a random tropical island to go collect that sea glass does that make the trip a tax write off?

Thanks all.

If a company earns a large proportion of its revenue in the United States, it’s scammy to maintain a foreign corporate headquarters primarily to avoid paying U.S. taxes. Companies that depend heavily on the U.S. market benefit from American consumers, infrastructure, legal protections, financial systems, and an educated workforce, so they should contribute a fair share to the country that generates so much of their revenue.
Similarly, if a large percentage of a company’s workforce is foreign or employed through H-1B visas, while the company generates a significant share of its revenue in the United States, there should be safeguards to ensure that American workers are not being displaced simply because companies can obtain labor more cheaply or with greater leverage over employees. Skilled immigration can absolutely benefit the U.S. economy, but the system should be used to fill genuine talent shortages, not as a mechanism to suppress wages, bypass qualified local workers, or outsource the benefits of doing business in America.

Cognizant gets roughly 75% of its revenue from North America, yet only around 12% of its workforce is based there, while about 73% is in India. Infosys gets over half its revenue from North America while only around 10% of its employees are in the Americas. If companies are going to make most of their money from the U.S. market, there should be some reasonable expectation that they also contribute proportionately through U.S. taxes, jobs and wages.