Taxes

• Tax Deductions
  True Lease - A transaction that qualifies, under the general provisions of the Internal Revenue Code, as a lease so that the lessee can claim lease payments as tax deductions and the lessor can claim tax benefits of ownership, such as depreciation. At the expiration of a conventional true lease, the lessee can purchase the equipment for the fair market value, return it to the lessor, or renew the lease. An example of such a lease is a Fair Market Value (FMV) lease.