Are you new to business?
If so, read my new article before you get in your car and drive off.
Why? Because your valuable vehicle deductions can be in jeopardy if you’re not keeping the right kind of records.
You see, if you show up at your tax preparer’s office without receipts for your car expenses and/or a detailed mileage log, your vehicle deductions could be zero!
Want to learn how to comply with the law and get all the deductions you’re entitled to?
We won’t steer you wrong when you read my new article titled Tax Tips: New in Business? Avoid These Two Tragic Vehicle Deduction Errors!
Three ways our fact-filled article can help you:
- We’ll explain what to do if you have no receipts. There is hope for you if you follow our advice. We’ll show you how to reconstruct business expenses and salvage a bad situation. You’ll get all the details when you read the full article.
- You’ll learn how to fix your mileage log problems. It’s a simple fact. You need exactly the same mileage records whether you use IRS mileage rates or the “actual expense” method. Whichever method you use, you must keep a written record that proves your actual business percentage of use! What’s that? You didn’t keep a mileage log? Don’t panic… yet. We’ll tell you how to (partly) solve your problems when you read the full article.
- We’ll tell you how to avoid Jessica Solomon’s problem. Jessica thought she was on the right side of the law because she kept a daily mileage log. But the court had big problems with the way she kept it. We’ll tell you what she did wrong and explain how you can avoid her fate when you read the full article.