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IRS Mileage Log
Posted on 8/14/13 at 3:38 pm
Posted on 8/14/13 at 3:38 pm
Traveling business people how well do you keep your mileage log? Is the IRS strict about every single detail of the trip and how many miles per day?
7
Posted on 8/14/13 at 3:43 pm to Paul Allen
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
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?
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
Posted on 8/14/13 at 4:10 pm to iAmBatman
My truck has advertisement on it so I just use all mileage for the year. I will stop doing that depending on responses here 
Posted on 8/14/13 at 4:16 pm to windshieldman
quote:
My truck has advertisement on it so I just use all mileage for the year. I will stop doing that depending on responses here
you can claim whatever mileage you want and it won't be an issue...unless you get audited
Posted on 8/14/13 at 4:23 pm to Paul Allen
I try to write an approximate mileage each day on my calendar for that day (or previous day). I'm not exact but close enough to get a number I'm comfortable with and I keep all of my old calendars.
Posted on 8/14/13 at 4:28 pm to Paul Allen
I write mine down everyday. I wouldn't feel comfortable approximating my mileage.
Posted on 8/14/13 at 4:28 pm to iAmBatman
Crumbley!!!
Did he make you read his accounting mystery novel?
Did he make you read his accounting mystery novel?
Posted on 8/14/13 at 4:29 pm to wasteland
Is an audit the same thing as a letter from the IRS saying they need more information on business expenses schedule a?
Posted on 8/14/13 at 4:35 pm to Brummy
quote:
Did he make you read his accounting mystery novel?
sure did
pretty crappy to get college kids to buy your book that you profit off of
Posted on 8/14/13 at 4:41 pm to iAmBatman
everyone i know in my company claims all their miles for the year plus gets reimbursed .55 per mile from our company. theyve done it for years and nobody has ever been questioned. the tax lady told them if they ever were audited she could use one of her standard templetes and just input numbers to show them
Posted on 8/14/13 at 4:43 pm to dallastiger55
quote:
everyone i know in my company claims all their miles for the year plus gets reimbursed .55 per mile from our company
yeah not really how it's suppose to be done (my brother does the same thing FYI)
if you are getting reimbursed for mileage then you aren't allowed to claim the deduction. Again, not really an issue unless you get audited
Posted on 8/14/13 at 4:49 pm to dallastiger55
If your company reimburses you .30 per mile you can use the difference and use that as a deduction, which would be .26 cents per mile.
Posted on 8/14/13 at 4:58 pm to Paul Allen
batman yes i know thats the point, everyone i know double dips and even if they get audited their tax lady has a fake templete.
so shady
so shady
Posted on 8/14/13 at 5:05 pm to Paul Allen
My understanding:
A mileage log has to show:
1. date
2. business purpose of trip
3. mileage (start/finish)
I do a daily entry. It is legit.
A mileage log has to show:
1. date
2. business purpose of trip
3. mileage (start/finish)
I do a daily entry. It is legit.
Posted on 8/14/13 at 5:15 pm to makersmark1
It's an amended return for a few years ago. Are they really picky? What if you're missing a few months?
Posted on 8/14/13 at 7:54 pm to Paul Allen
I do. I use Microsoft streets and trips for my routes and it saves it on there 
Posted on 8/15/13 at 8:38 am to windshieldman
quote:
My truck has advertisement on it so I just use all mileage for the year. I will stop doing that depending on responses her
The IRS doesn't fall for this anymore. An advertisement doesn't justify 100% business use. If you were to be audited, you would still have to prove business use, aside from the fact you drive around with a sticker on your truck.
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