Keith Dunford claimed $93,565 in deductions for his business motorhome and two business cars.
He lost all $93,565 in deductions.
What is the one thing that could cost him all his vehicle deductions?
Answer: No mileage log.
A while back we published the article What Is the Unpardonable Sin in an IRS Audit? If you said “no mileage log,” you are absolutely correct.
When you have no mileage log, the IRS thinks you have no other records either. That opens you up for a ... Log in to view full article.