How to Keep Track of Miles for Business

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How to Keep Track of Miles for Business – This is a place for the community to provide tips and advice on How to Keep Track of Miles for Business. This topic was created by Ben Drago and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Tracking Your Business Mileage the Easy Way | Nolo.com

Published: 9 years, 6 month(s) ago | Submitted by txf 521 | permalink

Deductions for business driving can be worth a lot. If you take the standard mileage deduction, you can deduct 55.5 cents (2012 rate) for every business mile you drive.

For further reading: http://www.nolo.com/legal-encyclopedia/tracking-your-business-mileage-the-easy-way.html ^[1]

Tip 2 - Mileage Logs that Didn’t Satisfy the IRS or Tax Court - MileIQ Blog

Published: 9 years, 6 month(s) ago | Submitted by Mike Boyett | permalink

The IRS loves to scrutinize mileage deductions. These Mileage Logs didn't pass that scrutiny.

For further reading: https://www.mileiq.com/blog/mileage-log/ ^[2]

Tip 3 - How to Calculate Mileage for Taxes

Published: 9 years, 6 month(s) ago | Submitted by Kelvar | permalink

If you are an employee or self-employed worker who uses a vehicle for business purposes, unreimbursed mileage expenses are a possible itemized deduction. The federal government allows a certain amount of money per mile to be deducted for...
Tags: WikiHow, Calculate Mileage for Taxes, wiki, how to articles, how to instructions, DIY, tips, howto, learn, how do I

For further reading: http://www.wikihow.com/Calculate-Mileage-for-Taxes ^[3]

Tip 4 - Business Mileage Tracking Log

Published: 9 years, 6 month(s) ago | Submitted by Benoit Mathieu | permalink

Download a free Business Mileage Tracking Log and Reimbursement Form for Excel to keep good mileage records and calculate business mileage for tax purposes

For further reading: http://www.vertex42.com/ExcelTemplates/mileage-tracking.html ^[4]

Tip 5 - How to Log Your Work Miles for Taxes

Published: 9 years, 6 month(s) ago | Submitted by Ana Figueroa | permalink

When you use a personal car for business purposes, the Internal Revenue Service allows you to write off the business-related miles on your income tax return. To deduct this mileage from your taxes, ...

For further reading: http://smallbusiness.chron.com/log-work-miles-taxes-20372.html ^[5]

Tip 6 - Best mileage tracking apps for iPhone: Mileage Log+, Auto Miles, klicks, and more!

Published: 9 years, 6 month(s) ago | Submitted by susan rabara | permalink

For expenses, for taxes, or for plain old metrics, here are the best apps to help track gas mileage right from your iPhone - no paper trackers required! Looking for the best iPhone apps to help you accurately track mileage? Anyone who wants to be compensated for travel, be it from an expense account at work or from a deduction on taxes, knows how arduous and can be to keep - and remember to use - a written ledger. Luckily, mileage tracking apps for the iPhone can make it, if no less monotonous, at least a lot more convenient. Whether you're on the job or self-employed, need it for an expense or tax claim, or just want keep track for your own maintenance or metrics, the App Store has several options. The real question is, what mileage tracking apps for iPhone are the absolute best?

For further reading: http://www.imore.com/best-mileage-tracking-apps-iphone-milege-log-plus-auto-miles-klicks-more ^[6]