On January 1, write down your odometer reading on all the vehicles you use for business. Each time you drive anywhere for business, make a note of which car you're using, where you're going-including address and distance-as well as the business purpose of the trip. If you don't, you could be audited. The IRS is cracking down on vehicle deductions for taxpayers who have no records. OH -- and just so you know, the people who keep mileage logs often find that their business mileage is much higher than they originally thought.
AMJ Bookkeeping LLC helps individuals and businesses in the community prepare their taxes, manage their finances and plan for the future!