Business Mileage Documentation is Critical to Successful Audit Defense
Submitted by DeFilippis Financial Group® on January 1st, 2017
A recent Tax Court case (Powell, TC Memo. 2016-111) reinforces the importance of keeping a detailed mileage log to support your business deductions. In this case, a taxpayer used his personal vehicle in his marketing business. He kept a detailed log with the exact miles driven, destination and purpose for some activities.
