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Tracking business mileage
Jamie Phelps | May 17 2006
Does anyone have tips on tracking automobile mileage for business deduction? I have of course thought of keeping a notepad in the car as a log, but I forget to write trips down and since I have my computer with me pretty much all the time, I sometimes end up doing business work when I didn't expect to and therefore didn't plan to write it down? Any tips would be greatly appreciated. 6 Comments
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 The letter of the tax code....Submitted by genagtd on May 24, 2006 - 9:19am.
Advice from accountants aside, the docs provided by the IRS state that, for a mileage deduction to be allowed, you are required to have written documentation, created in a timely fashion (meaning not recreated at the end of the year 'from memory", for each trip and that each trip must have a verifiable business purpose. This is anecdotal, but I used to work in construction and one of our subs was audited. The auditor scoured his logs -- to the point of checking his mileage readings when his vehicles were serviced against his daily mileage logs. » POSTED IN:
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