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Started By
Message
re: IRS Mileage Log
Posted on 8/14/13 at 3:57 pm to Paul Allen
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.
2
Posted on 8/15/13 at 8:59 am to LSUMon
You couldn't be more wrong. There are all sorts of methods that are acceptable for recording business mileage. I advise my clients to keep a daily log of locations they drove to, and we can use Google or Yahoo maps to determine the distance if necessary.
Posted on 8/15/13 at 9:59 am to LSUMon
quote:
You couldn't be more wrong. There are all sorts of methods that are acceptable for recording business mileage. I advise my clients to keep a daily log of locations they drove to, and we can use Google or Yahoo maps to determine the distance if necessary.
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