recordkeeping – The Burns Firm – Advisors of Complex Financial Matters

Follow Detailed Recordkeeping Rules for Vehicle Expense Deductions

April 19th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: business, car, deductions, Employees, expense, IRS, Mileage log, record keeping, recordkeeping, tax, tax credits, tax preparation, tax return, The Burns Firm, Vehicle expense|

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if [...]