Newport News, VA Accounting, Tax, and Financial Services Firm | Did You Know? Page | Black Marlin CPA

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A taxpayer used his personal auto in his business of   marketing  petroleum  properties. For some activities, he kept a meticulous log with exact miles driven, destination and purpose. For other trips, he wasn't so precise, either estimating his mileage or failing to list the place he drove to. The Tax Court approved the business miles for which he had detailed records and nixed the rest (Powell, TC Memo. 2016-111)