You get the mail.
You go through it quickly.
And then you come to an envelope from the IRS.
As your heart rate increases, you open the letter. Then the nightmare begins. The letter says that you’re going to be the subject of an IRS audit.
IMPORTANT: When you go in for your audit remember these three things:
- Go to the bathroom before you go in to meet your auditor.
- Try not to tremble or sweat in front of the auditor.
- Bring your well-documented mileage log with you.
Don’t wait. Read the full article.
Failure to bring your mileage log with you is an unpardonable sin.
Okay. I know. A mileage log, carefully documenting the use of your vehicle/vehicles, is a royal pain in the neck.
However… It is essential that you bring a complete, accurate mileage log to your audit.
Why? Because your mileage log can serve as a get-out-of-audit card that can save you tears and money.
We’ll tell you the whole story when you read my new article titled Tax Tips: What Is the Unpardonable Sin in an IRS Audit?
Three ways our fact-filled article can help you:
- You’ll learn why your mileage log may be the first thing the IRS wants to examine. You see, if your mileage log is sloppy or incomplete, your examiner may conclude that your entire tax return may also be sloppy and incomplete. The result? Your examiner may decide to go over all your documents with a fine tooth comb. Want to learn more about how to stay out of trouble? Read the full article.
- We’ll tell you why it’s so important to fill in the answers to the IRS questions on your tax form accurately. No matter what business structure you’re using, the IRS has you complete as part of your tax return a form that asks you four very specific questions. Don’t blow them off! Give them super-accurate answers to avoid an audit bloodbath. You’ll get all the details when you read the full article.
- We’ll provide you with a free mileage-log model. Don’t wing it. In our new article we’ll show you how to create an IRS-compliant mileage log you can put to use immediately. Our advice? Use it and keep using it. Don’t give up after a week or two. Be consistent. The day that dreaded letter arrives, you’ll be glad you’re headed to your audit with a bulletproof mileage log in your pocket. Now’s the time to get more information. Read the full article.