When it comes to inspecting your business-vehicle deductions, Uncle Sam is a stickler.
He’s a nitpicking perfectionist who won’t settle for “guesstimates.” He wants to see proof of all your business driving activities.
Actually, can really blame him? You see, every time you drive between business locations, you create tax deductions that can add up to tens of thousands of dollars!
Want to learn the best and easiest ways to create proof that will stand up to a tough IRS audit? Read my new article titled Tax Tips: Your Car Is a Tax-Savings Machine: Rev It Up Using These Smart “IRS-Proof” Guidelines.
Three ways our fact-filled article can help you:
- We’ll show you how to create an IRS-proof mileage log. Your mileage log should account for all the miles you drive and classify the mileage into one of five categories. We’ll tell you what they are when you read the full article.
- You’ll learn why three months can equal one year. Good news! According to the IRS, you can keep your mileage log for part of the year and use that sample to substantiate your business use for the entire year. You’ll get all the details when you read the full article.
- We’ll explain why you should back-up your log with corroborating information. The IRS is skeptical of records that you create yourself. This means you should back up your mileage log with information from other sources. We’ll tell you which ones can help you in an audit when you read the full article.