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Message
re: IRS Mileage Log
Posted on 8/14/13 at 3:44 pm to iAmBatman
Posted on 8/14/13 at 3:44 pm to iAmBatman
quote:
my tax professor told us that he would keep a log for 2 different months out of the year and would just use that as justification for the rest of the year
So it sounds like they would accept a few thousand miles?
2
Posted on 8/14/13 at 3:57 pm to Paul Allen
quote:
quote:
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my tax professor told us that he would keep a log for 2 different months out of the year and would just use that as justification for the rest of the year
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This would get disallowed so fast. The only reason you would need a log book is if you get audited. If you do get audited, you will need a detailed record of all mileage/trips that tie in to what you took on the tax return. You can not use 2 months as justification. If your mileage is about the same every month you can do this to come up with a number, but if it gets called into question that will not work.
Posted on 8/14/13 at 4:02 pm to Paul Allen
I've never had to do it but that what the tax prof said he does.
Just pick two random months out of the year and track your mileage for the months. If you ever get audited then just provide the log and state that this was your typical mileage for every month of the year.
BTW, this was the tax professor that said that LINK
all those letters behind his name gotta means he knows what he's talking about
Just pick two random months out of the year and track your mileage for the months. If you ever get audited then just provide the log and state that this was your typical mileage for every month of the year.
BTW, this was the tax professor that said that LINK
all those letters behind his name gotta means he knows what he's talking about
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