The 10 People Most Likely To Be Audited. Are You One Of Them?

March 26, 2013  |  

People With Business Vehicles

To receive a deduction for a car you must list  what percentage of its use is for business on Form 4562. Claiming 100% business use is a huge red flag for IRS agents. Detailed mileage logs and calendars that specify the purpose for every road trip are important to protecting your right to make this deduction.

Trending on MadameNoire

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN