1099

Forum|Forum|1 year ago
February 12, 2025
1 reply
0 views

Not A Product Question

ThomasM125

You may need the receipts in the case of an audit to substantiate the vehicle expenses. It is possible the IRS would not accept a credit card statement showing charges, they may want to see the actual receipt. Also, whichever method you use, you would need to maintain a mileage log to substantiate the business versus personal use of the vehicle.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

AL_M1491Author

Okay... the situation currently is I deliver food and will be sent an email with the miles or estimated miles, would I need receipts then if I chose to do the standard mileage rate?

DawnC

Employee

Keep track of the miles you drive for business purposes, and keep detailed records of all of your business expenses.

You do not have to send in receipts with your tax return, but you need to have good records in case your tax return is reviewed or audited. The record keeping requirements exist whether you use actual expenses or the standard mileage method.

IRS Recordkeeping

When you go through the Vehicle Expenses section, you can enter all of your vehicle expenses and use actual costs or you can use the standard mileage rate. You can use either method, but should choose the option that results in the best tax outcome. Standard vs. Actual Mileage - for more information, click that link.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"