Mileage and Expense Log
$7.97
Keep accurate records of your business-related travel and expenses with our Mileage and Expense Log. This guide helps you document deductible travel expenses, including transportation, lodging, and meals, ensuring compliance with IRS substantiation requirements. Ideal for self-employed individuals and businesses, it provides a structured way to track business mileage and expenses, helping to maximize deductions and simplify tax reporting.
Highlights:
• Deductible Expenses: Covers travel, lodging, and meals that are ordinary and necessary for business purposes.
• Substantiation Requirements: Includes documentation guidelines for the amount, time, place, and business purpose of expenses.
• Mileage Tracking: Detailed fields for recording starting and ending mileage, purpose of trip, and related expenses.
• Meal Deductions: Explains the 50% limitation on meal deductions and the use of per diem rates for meal expenses while traveling.
• Exclusions: Clarifies that entertainment expenses are not deductible, even if related to business.
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