Dr. Friday Tax Tips
Dr. Friday Tax Tips
Dr. Friday Tax & Financial Firm
Are You an Employee That Uses Your Own Car for Work?
1 minutes Posted Dec 8, 2020 at 1:00 pm.
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Dr. Friday
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one minute moment.
Dr. Friday
Are you an employee that uses your own car for work? Do you travel around, maybe do different things? Now if you’re self-employed like a Lyft driver, Uber driver, then that is probably one of your biggest tax deductions. But keep in mind that the IRS does require a log. That’s right. You cannot just wing it and say, “Well, I put on this many miles.” It doesn’t work that way. If you ever have to justify your auto expense, you must have a log showing exactly who you went with where you went, why, the purpose of it, and the miles that took. So if you’ve got questions you need to call me at 615-367-0819.
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