Car Expenses - Sampling

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Question or Topic 

Is there any more simple method to properly document car expenses?

 

 

 

The Answer

 

Yes -

The IRS requires appropriate documentation of all car expenses.  The IRS will allow the use of a valid, and representative "Sampling" of the use of the car.

Record the required detail and appropriate form.  We suggest the following technique be used:

January - Week 1

February - Week 2

March - Week 3

April - Week 4

May - Week 1

June - Week 2

July - Week 3

August - Week 4

September - Week 1

October - Week 2

November - Week 3

December - Week 4

 

Solutions

Solutions are dependent upon facts & circumstances, law and the objectives.  These elements vary from one time to another, from one circumstance to another and from person or entity to another

 

 

      

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