‘business miles’ Tagged Posts

tax deduction?

if vehicle was put into use 11-1-05 does it sound too drastic claiming 17500 business miles for the job of Roadside assistance? i have records, i thin...

 

if vehicle was put into use 11-1-05 does it sound too drastic claiming 17500 business miles for the job of Roadside assistance?
i have records, i think i stretched it…but there was times on my job that i would go 20+ miles and not get the call so therefore it is not "technically" on record…but that is wear and tear on my vehicle, gas, tolls, etc. I feel that just because of those many many incidents that 17500 is a fair number.

As a ballet dancer, how do I do my vehicle expense deduction for my federal taxes?

 

I am an independent contractor for a ballet company. I also work part-time for a regular W-2 filing job. When filling out the vehicle expense section of Schedule C I do not understand what the difference is between business miles and commuting miles. Are commuting miles those between my W-2 job and home while business miles are those between the ballet company and home? So confused.

What is the difference between vehicle expenses and transportation expenses? Tax Act is confusing!?

 

Hi…I run a business out of my home and am using Tax Act to do my taxes. I completed the " Vehicle Expense" questions, which had me separate out commuting miles, from business miles and went with the standard deduction for my business miles.
The next set of questions were for "Transportation, travel, meals and entertainment". It asks for "local transportation expenses" and "Overnight travel expenses". Am I supposed to claim the same mileage that I just did with the "Vehicle Expenses" category again???? I’m totally confused.
Thanks!
I figured out what the problem was…one set of questions was for "employee" expenses, the other for "business"expenses. As employee, they go on schedule A and subject to 2% rule, as business, they go on schedule C and not subject to 2% rule. Guess I was a little too tired to catch that when I posted. Thanks everyone.

mileage deduction allowed for business expenses on 2007 tax return?

 

The IRS allows so much per mile as a deduction on your tax return for business miles driven in a year. How much do they allow.

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