IRS Record Keeping Requirements for Mileage

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IRS Record Keeping Requirements for Mileage – This is a place for the community to provide tips and advice on IRS Record Keeping Requirements for Mileage. This topic was created by Julie Ott 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 - IRS Mileage Log Requirements

Published: 9 years, 5 month(s) ago | Submitted by Stephen Andrew | permalink

The Internal Revenue Service allows you to deduct expenses you incur while conducting business, including any vehicle expenses you run up. Because fraud is common in vehicle expense claims, the IRS ...

For further reading: http://finance.zacks.com/irs-mileage-log-requirements-3868.html ^[1]

Tip 2 - IRS Record Keeping Requirements for Mileage | eHow

Published: 9 years, 5 month(s) ago | Submitted by Michel Van den Driessche | permalink

Using your vehicle for work-related travel can really put some wear and tear on your car, and the IRS recognizes this. When you use your vehicle in this capacity, you may qualify to take a deduction for your expenses. One of the methods the IRS allows for calculating your deduction is the standard mileage rate, but as with any other deductions you...

For further reading: http://www.ehow.com/list_5907617_irs-record-keeping-requirements-mileage.html ^[2]