Mileage Log |
The mileage log program from mileage track is a
mileage calculator that helps you track business mileage for mileage
reimbursement. The mileage deduction 2013 was at the IRS mileage rate of 56½
cents per mile for business mileage. Unlike a simple IRS mileage log
template mileage track software is a database program that lets you log
business, personal and other deductible mileage. It includes printable
mileage log and expense report for mileage reimbursement and is a fully printable mileage log. No other mileage
reimbursement calculator can match the ease of use and detail record keeping
ability of mileage track.
The mileage log is simple to use and will meet the
stringent standards of the IRS mileage rate for deductions.
No other mileage log can match the detailed
documentation of mileage track. Not just a simple vehicle mileage log,
mileage track is perfect for employees of companies that require employees
to drive their own personal vehicle for business. No matter if you get
partially reimbursed for mileage or not at all. Mileage track will track all
of the miles driven for multiple vehicles and track the actual business
miles separately to calculate both total miles, business miles and personal
miles. The mileage calculator provides you the ability to document each trip
as to the business purpose and the client or business you called on. The IRS
mileage deduction for 2014 dropped by ½ cents to 56 cents per mile. The IRS
deduction for mileage may be taken for all miles driven on business outside
of your tax home. The IRS mileage rate can be calculated at different rates
for each year. You only need to buy mileage track once. We do not
charge annual fees or require to purchase over and over again.
For people who take self employment tax deductions each
year business mileage can be a big part of your annual deductions. Keeping a
mileage log for taxes is required if you deduct business mileage.
the government mileage rate changes each year and you must calculate your
business mileage each year based on the correct IRS mileage rate. The IRS
mileage requires you to calculate both total miles driven each year and your
business mileage separately. They look at the business percentage or percent
that your business mileage is of your total miles driven each year. The
higher the business mileage percent the higher the chance of an audit.
The IRS mileage allowance is used to calculate the IRS mileage reimbursement
for tax deductions. keeping accurate records of your business travel is
extremely important if you take this tax deduction. Being able to prove and
document your mileage deduction is more than just making a few notes or
enter a few miles in a mileage spreadsheet.
Mileage track is a
mileage calculator that allows your to enter detailed information about each
trip in just minutes a day of a few minutes each week.
To complicate things even more if you receive mileage reimbursement from
your employer you must calculate the difference between the amount you
receive as expense reimbursement and the government mileage rate for that
year. Some employers have expense reimbursement forms that you fill out and
turn in to be reimbursed for your business mileage. The difference between
the IRS mileage allowance and what you receive from your employer is a tax
deduction if the difference is greater than what you received. You can only
take the difference and not the whole amount.
If you do not receive
any employer mileage reimbursement than you can take the total number of
miles driven on business at the IRS mileage rate as a full deduction.
But, you need to provide a good mileage log with detailed in formation
about each trip. Get audited with just a spreadsheet with miles entered and
no explanation of the business purpose and your in for a big surprise.