Keeping a mileage log The IRS tends to be strict in its documentation requirements for business mileage deductions.

For example, if you deduct your mileage, it's critical to have a log that meets IRS standards--meaning it includes dates, odometer readings, trip details, etc.

Mileage reimbursement for businesses: What you need to know Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car ...

5. Don’t forget the mileage log. Both mileage calculation methods require that you keep a log to track the vehicle mileage used for business.

Mileage reimbursement is a crucial aspect for businesses that require employees to use their personal vehicles for work. Understanding the laws and creating a clear policy can help ensure that ...