Expense Recordkeeping, Mileage Logging and IRS Tax Requirements for Realtors

How To Maximize Business Use Car Tax Deductions Whether you use your car only for work or for both work and personal reasons, many taxpayers wonder how they can maximize end of year vehicle tax deductions.

There are two methods to calculate expenses for business use car tax deductions: the standard mileage rate method and the actual expense method. It is up to the taxpayer to decide which one is best. So which method do you chose? The Standard Mileage Rate Method The standard mileage rate is a method of deducting

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Expenses, Mileage Expenses, Taxes

IRS Standard Mileage Rate Tax Deductions Standard Mileage Rates for Tax Deductible Business Mileage Expenses

The table below shows the minimum standard mileage rate tax deductions allowed by the IRS from 2009 to 2017. This table will be updated as the IRS updates the standard mileage rate deductions. Source: IRS Standard Mileage Rates About Falcon Expenses, Inc. Falcon Expenses is an iPhone application and solution for expense tracking and management. [...]

Expenses, Mileage Expenses, Taxes