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Barbara Weltman

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CPA Blows Mileage Deduction

October 25, 2016 / By Barbara Weltman

To deduct the cost of business driving, you need certain “contemporaneous” records, even when using the IRS standard mileage rate. The Tax Court said that a CPA’s records for his business driving prepared 2 years after the fact won’t due. Better option: use an app such as MileIQ to generate contemporaneous records. Note: Use my promo code BWEL749A and receive 20% discount on annual plans. 


NEW blog post today!  Getting Health Coverage for 2017

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