Precise tracking vehicle is driven frequently overlooked in small businesses accounting and tax preparation. Often, either mileage is considered underreported due to lack of documentation or fear of, or is it over-reported, even in the absence of records or "I know how hard I drove it" attitude.
Although it is best if the taxpayer a small notebook in your car to actual mileage "every time you entered a business trip, this is cumbersome, and most peopledo not want to do. Accurate records are a must, because mileage deduction must be able to check against the event of an IRS audit.
