When you’re on “The Price is Right” it’s great when they call your name and shout “come on down!”
But when you get a letter from the IRS saying “Come on down — and bring all your tax records with you” you may not be so happy.
If you going to visit with the IRS, there’s one tax record you’ll need to bring with you to the audit. If it’s in good shape, you limit, even eliminate, problems. But if you are missing this one tax record, or if this one record is a mess, the IRS imposes a more comprehensive audit on you.
Want to avoid that fate? Read my new, free article titled Tax Tips: Court Denies Tax Deductions for Motorhome and Two Business Cars.
Three ways our fact-filled article can help you:
- You’ll learn why keeping a mileage log is so vitally important. If you don’t keep one, the IRS will think all your record-keeping is suspect. That opens the door to a full-blown audit. You’ll get all the facts when you read the full article.
- We’ll tell you the sad story of Mr. Dunford. A better name for him would have been Mr. DoneFor. His failure to keep an accurate mileage log cost him $93,565 in deductions! You’ll find out exactly what did him in when you read the full article.
- We’ll explain the importance of Section 274. This section of the tax code lists the substantiation requirements you have to meet to claim vehicle deductions… and a lot more. This is just some of the important information you’ll get when you read the full article.