Comments on: How do I calculate mileage on my tax return? http://www.moneysnatchers.com/news/how-do-i-calculate-mileage-on-my-tax-return/ Thu, 10 Dec 2009 09:16:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cristina I http://www.moneysnatchers.com/news/how-do-i-calculate-mileage-on-my-tax-return/#comment-438 Cristina I Tue, 07 Jul 2009 21:37:41 +0000 http://www.moneysnatchers.com/united-states/how-do-i-calculate-mileage-on-my-tax-return/#comment-438 I suggest you to go and talk with an accountant. Also depends on your business status, if is a sole proprietorship, partnership etc. Best advice talk with professional people who can really help you with this. I suggest you to go and talk with an accountant.
Also depends on your business status, if is a sole proprietorship, partnership etc.
Best advice talk with professional people who can really help you with this.

]]> By: STEVEN F http://www.moneysnatchers.com/news/how-do-i-calculate-mileage-on-my-tax-return/#comment-437 STEVEN F Tue, 07 Jul 2009 09:36:01 +0000 http://www.moneysnatchers.com/united-states/how-do-i-calculate-mileage-on-my-tax-return/#comment-437 Keeping a mileage log is not hard. A cheap notepad and a pen are all you need. Just keep it in the car and write down the odometer reading and purpose of the trip every time you drive. You can even mount the pad on the dash if you want. Without the mileage log, you can take the deduction even with receipts. The log is the only record of personal vs business use. Keeping a mileage log is not hard. A cheap notepad and a pen are all you need. Just keep it in the car and write down the odometer reading and purpose of the trip every time you drive. You can even mount the pad on the dash if you want.

Without the mileage log, you can take the deduction even with receipts. The log is the only record of personal vs business use.

]]> By: Hazel http://www.moneysnatchers.com/news/how-do-i-calculate-mileage-on-my-tax-return/#comment-436 Hazel Tue, 07 Jul 2009 02:40:26 +0000 http://www.moneysnatchers.com/united-states/how-do-i-calculate-mileage-on-my-tax-return/#comment-436 if you put your gas on a card, u can pull it up by calling the co for a year end run down of everything you bought. Make your mileage log now, maybe your calender could help. Try to rememer what days you went around and pull up the mileage on a computer map....44.5 cents per mile for 2006 if you put your gas on a card, u can pull it up by calling the co for a year end run down of everything you bought. Make your mileage log now, maybe your calender could help. Try to rememer what days you went around and pull up the mileage on a computer map….44.5 cents per mile for 2006

]]> By: bostonianinmo http://www.moneysnatchers.com/news/how-do-i-calculate-mileage-on-my-tax-return/#comment-435 bostonianinmo Mon, 06 Jul 2009 12:23:07 +0000 http://www.moneysnatchers.com/united-states/how-do-i-calculate-mileage-on-my-tax-return/#comment-435 Since you have neither receipts nor written records kept at the time you used your car for business, you get NO deduction! Zero! Zip! Nada! Op-te! Start keeping proper records and THEN you can take the deduction for vehicle expenses. Receipts alone are NOT enough. You need a mileage log, kept at the time you drive the car, to substantiate business use vs personal use. No log means NO deduction. Period! Since you have neither receipts nor written records kept at the time you used your car for business, you get NO deduction! Zero! Zip! Nada! Op-te!

Start keeping proper records and THEN you can take the deduction for vehicle expenses.

Receipts alone are NOT enough. You need a mileage log, kept at the time you drive the car, to substantiate business use vs personal use. No log means NO deduction. Period!

]]> By: Up your Maslow http://www.moneysnatchers.com/news/how-do-i-calculate-mileage-on-my-tax-return/#comment-434 Up your Maslow Mon, 06 Jul 2009 11:25:28 +0000 http://www.moneysnatchers.com/united-states/how-do-i-calculate-mileage-on-my-tax-return/#comment-434 With the data you have, anything you claim will be fraudulent. With the data you have, anything you claim will be fraudulent.

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