Whether you’re running a corporation, proprietorship, or partnership, you want to claim the maximum mileage deductions possible.
But be careful. You see, it’s extremely important to deduct only legitimate miles.
If the IRS finds mileage-deduction violations, you’ll look like a tax cheat and potentially open the door to a detailed audit. No fun.
So how do you deduct all the miles you’re entitled to and stay on the right side of the law?
You’ll find out when you read my new article titled Tax Tips: Don’t Let IRS Mileage Rules Destroy Your Vehicle Deductions!
Three ways our fact-filled article can help you:
- We’ll explain why deducting commuting mileage is dangerous. When you drive from home to your regular place of business, you are creating personal mileage. Don’t even think of deducting it. We’ll tell you how to steer clear of making this huge commuting mistake when you read the full article.
- You’ll learn how to make the “temporary work location” work for you. In order to take advantage of this rule, you’ll need to find a regular place of business outside of your home. Plus, you’ll have to comply with the “less-than-one-year” rule. We’ll tell you how to use this strategy to create deductions when you read the full article.
- We’ll explain the best strategy of all. To eliminate the commuting mileage problem the easy way, create a home office that qualifies as your principal office. This is not hard to do. What’s more, it creates deductible business mileage when you make any business stops including trips to your regular office outside your home. All will be explained when you read the full article.