A couple who
used their vehicles in their sole proprietorships had logbooks but they were
riddled with mistakes, questionable entries and other irregularities. The Tax Court was unable to rely on them and
as a result, the Court upheld IRS’ disallowance of all mileage expenses for the
vehicles, even though they were used partially for business (Moore, TC Summ.
Op. 2012-16). They lost their deduction.
If you would
like a listing of records that you need to make sure that you are following the
IRS guidelines let us know and we will send you the information. Contact Amanda at ahaumont@kopsaotte.com
