Question

	Tax - Intermediate Vehicle Expense [2019] _
11	The IRS requires that taxpayers claiming vehicle expenses for business use of their vehicle have:
	A.- Written records unless the taxpayer opts to use the simplified method.
	B.- A record of the total miles driven for purposes during the year and an estimate of the business percentage.
	C.- A memory of the miles driven for business purposes.
	D.- Records to support the deduction and that those records be written.
12	To comply with IRS regulations, a taxpayer's mileage log must contain:
	A.- Dates the vehicle was used for business; purpose of the trip; estimated miles traveled for business; estimated miles traveled for commuting; estimated total miles the vehicle was driven the entire year for all purposes.
	B.- Dates the vehicle was used for business; miles traveled for business; total miles the vehicle was driven the entire year for all purposes.
	C.- Dates the vehicle was used for business; purpose of the trip; miles traveled for business; miles traveled for commuting; total miles the vehicle was driven the entire year for all purposes.
	D.- A mileage log is not needed. Taxpayers may use an average of business miles per month to calculate the expense deduction.

Answer 1

11) C

If a taxpayer claiming vehicle expenses for business use of their vehicle, they need to submit a memory of the miles driven for business purpose as it shows the records relating to the mileage to IRS.

12) C

To comply with IRS regulations, a taxpayer's mileage log must contain:

• Date the vehicle was used for business;
• Purpose of the trip;
• Miles traveled for business;
• Miles traveled for commuting;
• Total miles the vehicle was driven the entire year for all purpose;