Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
July 2012


Word Count:
1367

 

 

Increase Tax Deductions by Knowing the Business Mileage Rules


You can increase your tax deductions by thousands, perhaps many thousands, every year by knowing the tax rules that create deductible business miles.

 

When you know the mileage rules, you can apply them to all your business vehicles. To see how you might use two, three, or more vehicles in your business, see the article titled “How the IRS and Courts Have Approved the Two-Car Tax-Deduction Strategy.”

 

This article gives you what you need to know to get maximum business miles. After all, business miles form the basis for your vehicle deductions regardless of

 

·

how you title your vehicle;

·

which deduction method you chose (actual or IRS mileage);

·

how you operate your business (corporation, LLC, proprietorship, etc.).

 

Your plan begins with knowing what is, and what is not, a business mile.

 

The No-Office Taxpayer

 

If you are a no-office taxpayer, you might get an ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS