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Tax Tips
Tip 1: Automobile Expense Deductions
If you intend on deducting your automobile expenses, which is an entirely legitimate thing to do, it is essential that you ensure that you keep a
proper log book in case you are audited. Without a proper log book your
automobile expenses may be denied. This log book should have an entry for each time you use your vehicle for business purposes. It should ideally show
the starting and ending mileage, the date, the purpose of the trip, and where you went.
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