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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16547
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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Customer Question

audit questions for 2010
Submitted: 3 years ago.
Category: Finance
Expert:  Megan C replied 3 years ago.
Thank you for your question - could you please describe in greater detail your question? I see that you are under audit for 2010 and the IRS has questions about your car expenses. Did you use standard mileage or actual expenses?
Customer: replied 3 years ago.


i i used form2106-ez under part one for the first question which stated vehicle expences using standard millige ratr i was told to multify the miles i i reported my vehicle used 35000 for work with 15000 for personal use and then multipy by .50

Expert:  Megan C replied 3 years ago.
Thank you for your follow up. In this case, you should have claimed $17,500 as your deduction for vehicle expenses. You need to have a log to substantiate this, so you need to have written down each trip how many miles you drove, and that total should come up to 35,000 - if you don't have this, then you cannot take the deduction.

Is there something that the auditor is questioning for your deduction?

Please let me know if you need anything additional.

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You should be aware that your question, as with most tax questions, can never really be answered completely...addressing all the permutations; that is because of the many assumptions that have to be made I have done my best to determine what I think you are asking and answering it in the most direct and understandable manner possible. If, however, after reviewing the questions, you have any uncertainties or further questions, please do not hesitate to ask.

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