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Browse our blog for helpful tax planning and preparation information.

Then There's an IRS Audit: Disaster Strikes

6/3/2021

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When you understand the rules for business mileage, you'll be able to make better decisions.

Take, for example, Mahali. He deducted 30% of the cost of her SUV before she learned the mileage rules. She deducted 92 percent after learning the rules.

Consider Thando, who lost almost all of her vehicle deductions due to an IRS audit.
Follow Mahali's example. Here's how to do it:
  • protect yourself in the event of an IRS audit, and 
  • payless tax. 

Please do not hesitate to contact me if you have any questions about your business vehicle.

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    Important Disclosures


    Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

    ​    To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
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    These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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    Author

    Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion.  Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

    Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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