« Tax Carnival #94: Happy New Tax Year | Main | Treasury's tax refund debit card experiment apparently failed »

Tuesday, January 03, 2012

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157c669e20168e4eb60e5970c

Listed below are links to weblogs that reference Business mileage records and other Schedule C considerations:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Mercedes Infante

Appreciate the mention, and that the tip helped!

Here's another tip: Try a mobile app to simplify recordkeeping of business expenses. I recommend either 'Expensify' or 'ConcurBreeze'. These allow you to capture digitized images of your receipts (while on the go) and easily integrate with QuickBooks. They also track distance via GPS - and calculate auto mileage painlessly and accurately. Plus, it's paperless!

Mark Randall

Great tax tips. It is important to write down the mileage so you can credit the correct amount on your taxes.

The comments to this entry are closed.

Weekly Tax Tip

  • Kids, summer jobs and taxes -- Summer employment is a time-honored coming-of-age tradition. It also could have tax consequences for working teens. A young worker will have to deal with a W-4 form and filing a return the next filing season to get withholding back as a refund. When the job is one where gratuities are common, the young worker will have to deal the tax on tips. Or if the youth has an entrepreneurial inclination or takes a position as a contractor, self-employment taxes will come into play. (July 16, 2014)

  • Tax Tip; click pencil for all tax tip links

    Check out all the latest post-April 15 advice at Weekly Tax Tips 2014.

    You also can get a refresher of the Daily Tax Tips posted earlier this year on their respective monthly collection pages: January, February, March and April.

Sponsored Links

Counting Down to Tax Day

Time for Tax Tasks


  • monthly tax moves

  • July 1: Welcome to the last half of 2014. July is the perfect month to make some midyear tax moves that can help reduce your 2014 tax liability.

    An easy move is adjusting your payroll withholding so that it more accurately reflect any changes to your life that have occurred so far this year. All it takes is filing a new W-4with your employer.

    July 4: Most of us will never be totally independent of taxes, but we can celebrate fewer tax hassles. A tax professional can help you get your tax life in shape. Now that the April deadline is well past, many have time for new clients. And if you got an extension to file your 2013 return, your newly-hired tax preparer can help take care of that lingering tax task.

    July 10: Does your job compensation include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 14: The 2014 Atlantic/Gulf of Mexico hurricane season, which began on June 1, got real this month with Hurricane Arthur making landfall in North Carolina and then moving up the Eastern Seaboard on the three-day July 4 holiday weekend. The storm season, being ticked off on the countdown clock below, will officially continue through Nov. 30



    But natural disasters can occur anytime, anywhere. So it's always good to make storm and financial preparations and claim the special tax help that the Internal Revenue Service offers in the wake of such catastrophes. You can find more on how to do just that at our special Natural Disasters Resources blog page.

    July 17: Ah, summertime and the living is easy … as long as you have a great day camp for your kids. Working parents can use the day camp's costs to help claim the child and dependent care credit.

    July 22: For older kids, getting a summer job is a rite of passage. It's a great way for them to earn some spending money -- or sock away a bit for coming college costs --- and learn life-long financial responsibility lessons. They'll also get schooled on the role of taxes taken out of their paychecks.

    July 25: In addition to putting some summer job earnings toward college savings, your young employee can start building a retirement nest egg by opening a Roth IRA.

    July 31: Don't forget about your own retirement. If you got a raise this year, bump up your contributions to your retirement accounts.

    Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You also can view the full year's important business tax dates in IRS Pub. 509.

State Tax Help

  • Don't forget your state taxes!
    Forty-three states and D.C. collect personal income taxes. But even if you live in of the seven states without an income levy, you still face other state (and local) taxes.

    State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.

Advertisements

What are you looking for?

  • Looking for something in particular? Start with the Table of Contents.
    Or check out the Archives, where you can review posts by month and category. Or enter specific keywords in the box below to search Don't Mess With Taxes.

Subscribe: E-mail,
RSS or both!

Sponsored Links

Advertisements

  • Tax Reading Room
  • Don't Mess With Taxes
    is an Amazon Affiliate.
    If you click
    on the product links above
    and/or buy the items,
    I will be compensated.

More me on the Web

Kudos Et Cetera

  • Plutus Award 2013 Award Winner
    Plutus Financial Bloggers Awards
    Best Tax Blog, 2013

  • Association for Women 2012 Clarion Award Winner
    National Association
    for Women in Communications
    Best Personal Blog, 2012

  • Plutus Award Winner
    Plutus Financial Bloggers Awards
    Best Tax Blog, 2011


  • Alltop

  • pfblogs.org logo

My Photo

Keep Uncle Sam cranky!

  • It's no wonder Uncle Sam is not very happy here. His vault is empty. Don't Mess With Taxes aims to keep him cranky by providing tax and personal finance tips and advice that will put more money in your bank account, not the government treasury.

I gotta tell ya ...

  • AKA Disclaimer:
    I am a professional journalist who has been covering tax issues since 1999.
    I am not a professional tax preparer.
    The content on Don't Mess With Taxes is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided
    for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. In other words, specifically the words in Treasury Circular 230 Notice, any U.S. tax advice on this blog is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any transaction or matter addressed on this blog. That's why when it comes to filing your taxes,
    I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent or other qualified tax professional who is familiar with your individual tax circumstances.

©©©©© & ®®®®®

DMWT Mobile

  • Don't Mess With Taxes
    is now optimized for readers on the go. You don't even need an app. Just type dontmesswithtaxes.typepad.com into your smartphone or other mobile device and it will load in a format
    for smaller browsers.

Keeping count

  • eXTReMe Tracker


  • Site Meter (since 061706)


    StatCounter (since 040513)

Where in the World?

Blog powered by Typepad
Member since 11/2005

July 2014

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31