seep: he/she/it: seeps: present participle: seeping: past tense: seeped: past participle: seeped
If you lease a new car for use in your business, you will probably be able to deduct the lease payments from your taxes as a business deduction. However, you need to be careful and keep track of all the miles you spend in the car and whether the miles traveled are for business or personal reasons.
To use the standard mileage rate, you must own or lease the car and: 1  You must not operate five or more cars at the same time, as in a fleet operation, 2  You must not have claimed a depreciation deduction for the car using any method other than straight-line,  You must not have claimed a Section 179 deduction on the car,