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Milego - Tips On Maintaining A Proper Mileage Log

MileGo free mileage tracker helps you to maintain a comprehensive & well-formatted mileage log, which you can use at tax time to avail maximum deductions and expense reimbursements.

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Milego - Tips On Maintaining A Proper Mileage Log

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  1. TIPS ON MAINTAINING A PROPER MILEAGE LOG http://milego.com/

  2. SINCE 'MILEAGE' IS AN ENORMOUS DEDUCTION FOR TAX FILERS, ANY BUSINESS MILEAGE SUBMITTED TO THE IRS IS FASTIDIOUSLY VERIFIED. YOUR MILEAGE LOG IS A IMPORTANT PIECE OF DATA AND MINOR ERRORS IN IT MAY DENY THE WHOLE DEDUCTION.

  3. HERE ARE A FEW TIPS TO HELP YOU AVOID COMMON MISTAKES WHEN SUBMITTING YOUR BUSINESS MILEAGE: 1. DON'T WAIT TILL THE END OF THE YEAR TO RECEIVE YOUR DUE REIMBURSEMENT FOR MILEAGEYOU OUGHT TO TRACK YOUR MILES AS YOU DRIVE. LOOKINGFORWARD TO MEMORY TO RE-CREATE A LOG AT TAX TIME IS INCREDIBLY POSSIBLE TO MISFIRE AND THERE SQUARE MEASURE ENOUGH POSSIBILITIES OF KEY INFO BEING NOT NOTED. FOR AN INTENSIVE PERSON (A RIDESHARER, FOR EXAMPLE), WHO DRIVES A COUPLE OF HUNDRED MILES ON A DAILY BASIS FOR WORK, THE DEDUCTIBLE QUANTITY WILL BE HUGE! THE FOREMOST ECONOMICAL SOLUTION IS TO PUT IN A MILE TRACKER APP IN YOUR PHONE AND ENTRUST IT WITH THE MATHS.

  4. 2 2. . DON’T DON’TLEAVE LEAVEOUT OUTTHE THEBUSINESS BUSINESSPURPOSE PURPOSE EVEN IF YOU'VE GOT A COMPREHENSIVE RECORD OF YOUR MILES, WHILE NOT 'THE PURPOSE OF THE TRIP' MENTIONED, IT'S GOING TO NOT FETCH YOU THE DEDUCTIONS. THE AIM HELPS VALIDATE THE MILEAGE YOU’VE WRITTEN DOWN, AND WISH NOT BE A SOPHISTICATED DESCRIPTION. A TRANSPARENT IDENTIFICATION OF THE BUSINESS PURPOSE FOR EVERY MILEAGE RECORDED WOULD BE ENOUGH.

  5. 3 3. . GO GOIRS IRS- -FRIENDLY FRIENDLY TAKING CARE OF THE ABOVE ISN'T MUCH OF AN ISSUE. AN 'IRS APPROVEDMILEAGELOG' WOULDTYPICALLYCONTAIN: • EACHTRIP'SMILEAGE • PLACESDRIVENFORTHE TRIPS • PURPOSEOFTHE TRIPS • DATEOF THE TRIPS IN ADDITION, THE IRS ALSO ASKS FOR A RECORD OF THE TOTAL NUMBER OF MILES YOU’VE DRIVEN DURING THE ENTIRE YEAR, FOR BUSINESS, COMMUTING, AND PERSONAL DRIVING. RECORDING THE YEAR BEGINNING AND END ODOMETER READINGS IS HENCE VERY HELPFUL.

  6. ALTHOUGH THIS CAN ALSO BE DONE ON PAPER, MILEGO GO ABOUT IT. IT USES GPS TO ACCURATELY TRACK ALL OF YOUR MILEAGE AND IS COMPLIANT WITH THE ABOVE REQUIREMENTS. IRRESPECTIVE OF THE METHOD YOU USE, KEEPING A RECORD OF YOUR MILES IS A MUST. THE REWARDS ARE HUGE IF YOU DO - IT'S JUST A MATTER OF CULTIVATING THIS HABIT! MILEGO WOULD BE THE SMARTER WAY TO

  7. CONTACT US 12910 14 AVE COLLEGEPOINT NEW YORK, NEW YORK EMAIL :INFO@MILEGOAPP.COM CALL +1 646-340-6741

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