Are You an Employee That Uses Your Own Car for Work?

Dr. Friday Tax & Financial Firm, Inc.
Dr. Friday Tax & Financial Firm, Inc.
Are You an Employee That Uses Your Own Car for Work?
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one minute moment.

Dr. Friday 0:12
Are you an employee that uses your own car for work? Do you travel around, maybe do different things? Now if you’re self-employed like a Lyft driver, Uber driver, then that is probably one of your biggest tax deductions. But keep in mind that the IRS does require a log. That’s right. You cannot just wing it and say, “Well, I put on this many miles.” It doesn’t work that way. If you ever have to justify your auto expense, you must have a log showing exactly who you went with where you went, why, the purpose of it, and the miles that took. So if you’ve got questions you need to call me at 615-367-0819.

Announcer 0:52
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.