Article Date:
November 2008

Word Count:



Court Rules Records Adequate for Mileage-Rate Deductions

Gary L. Larson, a manufacturer’s representative for several major vendors, traveled throughout Wisconsin, Minnesota, North Dakota, South Dakota, and Iowa. He wanted to deduct his vehicles, using the IRS standard mileage rate. What records did he need?


Section 274(d) disallows vehicle deductions in total (that’s right—to zero) if the taxpayer fails to satisfy strict substantiation requirements, including maintenance of a record that shows:



time and place of the vehicle’s use, and


business purpose of that use.


Section 274 does not require a ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


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