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Today I answer the following questions: 1. What qualifies as business mileage? 2. How do you properly expense those miles? 3. How do you accurately keep track of the mileage? And 4. How you can expense car mileage even if you have a j-o-b?
As amazing as it may seem there are TWO, equally correct ways to expense mileage/vehicle costs. I go over this amazing dichotomy and share with you which choice will allow you to maximize your business deductions each year, and which will lock you in to the same choice perpetually.
I also give a shout-out to Kenia, the better half of
Gonzalez Tax Group, for something extremely clever.
All this and more! |