If you claim the mileage deduction on your tax return, you need to be able to back it up with an adequate mileage log in the event of an IRS tax audit. Failure to do so could prove costly. Alvaro Velez learned this the hard way.
Tags: Mileage Log
Your mileage log and mileage logs can lead to significant savings through the mileage deduction. But, what does the IRS require in your documentation? See how your mileage log books can help you avoid an audit.
A mileage tracking app is the best way to keep track of your miles for tax or business purposes. You may be thinking, “Can’t I just use a pen and paper?” Yes, but the best mileage tracking app has multiple advantages. Let’s go over six ways a mileage app saves you time and money.
If you’re planning to take a mileage deduction, tracking mileage for work must become a part of your routine. It’s easy to fall into the trap of jotting something down while in traffic or quickly tapping out your mileage on your cell phone before you forget. It seems harmless enough, right? However, commercials, radio ads, billboards on the freeway and real life experience remind us that distracted driving can lead to life-altering events.