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Sunday, January 17, 2010

UNCLE SAM PAY$ you to do Ministry/Business - TAX NUGGET # 3


hEY bOO,

UNCLE SAM PAY$ you to do Ministry/Business - TAX NUGGET # 3


MILEAGE vs. RECEIPTS Which gives you a better Deductible?
Counting up MILES is the way to go, BUT Keep Gas RECEIPTS!


MILEAGE is the Winner in this battle, and you will get a bigger Deductible. BUT Keep All RECEIPTS for Proof.

HOW TO BACK TRACK MILEAGE:

To assist you to Honestly obtain monthly MILEAGE used for Ministry/business:
1 - Use Gas & Food RECEIPTS to see Locations and Dates
2 - Mapquest to get Roundtrip MILEAGE


SUGGESTIONS FOR FUTURE / OR TRACK BETTER:

1 - Start a MILEAGE LOG
2 - Get a little Pad (divide pages into sections in #4) or get Notebook and print out a MILEAGE LOG from online
3 - Keep it in Car (so you will not forget to Log miles)
4 - Track (DATEs, PURPOSE / DESCRIPTION, START [odometer reading], END [odometer reading], TOTAL [trip mileage])

Make Taxes & Bookkeeping Easier 180x150  

n MUCH 'FAVOR', INTEGRITY, WISdom, WEALTH & HEALed,
MADAME-Boo
MadameBoo.com
SKYPE: madameboo1st

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