Question
I have a client who is under IRS audit for his business mileage. He claimed his business miles at the IRS optional rate.
The IRS has requested odometer readings for his vehicle. Is this proper? Does my client have to provide odometer readings when he is claiming his business vehicle deductions using the IRS optional mileage rate?
Answer
The tax code says that your client must substantiate his business vehicle deductions by adequate records or by sufficient evidence corroborating his own statement, including ... Log in to view full article.