Milego - Tips On Maintaining A Proper Mileage Log

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Tips On Maintaining A Proper Mileage Log
http//milego.com/
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Since 'mileage' is an enormous deduction for tax
filers, any business mileage submitted to the IRS
is fastidiously verified. Your mileage log is a
important piece of data and minor errors in it
may deny the whole deduction.
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Here are a few tips to help you avoid common
mistakes when submitting your business mileage

1. DON'T WAIT TILL THE END OF THE YEAR
To receive your due reimbursement for mileage you
ought to track your miles as you drive. looking
forward to memory to re-create a log at tax time
is incredibly possible to misfire and there
square measure enough possibilities of key info
being not noted. For an intensive person (a
ridesharer, for example), Who drives a couple of
hundred miles on a daily basis for work, the
deductible quantity will be huge! the foremost
economical solution is to put in a mile tracker
app in your phone and entrust it with the maths.
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2. DONT LEAVE OUT THE BUSINESS PURPOSE  
Even if you've got a comprehensive record of your
miles, while not 'the purpose of the trip'
mentioned, it's going to not fetch you the
deductions. the aim helps validate the mileage
youve written down, and wish not be a
sophisticated description. a transparent
identification of the business purpose for every
mileage recorded would be enough.
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3. GO IRS-FRIENDLY

• Taking care of the above isn't much of an issue.
  An 'IRS approved mileage log' would typically
  contain
• Each trip's mileage
• Places driven for the trips
• Purpose of the trips 
• Date of the trips

In addition, the IRS also asks for a record of
the total number of miles youve driven during
the entire year, for business, commuting, and
personal driving. Recording the year beginning
and end odometer readings is hence very helpful.
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Although this can also be done on paper, MileGo
would be the smarter way to go about it. It uses
GPS to accurately track all of your mileage and
is compliant with the above requirements.
Irrespective of the method you use, keeping a
record of your miles is a must. The rewards are
huge if you do - it's just a matter of
cultivating this habit!
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CONTACT US
12910 14 Ave collegepoint New York, New
York Email info_at_milegoapp.com Call 1
646-340-6741