Simple Mileage Log
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What benefits does a Mileage Log template offer in tracking the mileage expense? Can the same template be used to track multiple vehicles? This sample log template will allow you to monitor your miles more quickly and easily.
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What benefits does a Mileage Log template offer in tracking the mileage expense? Can the same template be used to track multiple vehicles? This straightforward template will allow you to monitor your miles more quickly and easily. It is of simple download and usage, created particularly to help you manage your mileage expenditure for taxation reasons.
What is a Mileage Reimbursement Form?
To claim deductions on your tax returns, you have to keep meticulous records of your driving. Many people record the time weekly or monthly, which will not satisfy the IRS if there’s an audit of your records. The easiest way to keep records is to use a mileage log template that will have spaces for you to record your mileage for each trip you take. The IRS has been known to disqualify some deductions because there wasn’t a clear separation between driving for business and other trips.
Along with a beginning record of the vehicle’s mileage at the beginning of the year, you’ll need a record at the end of the year too. This should match with the amounts that are recorded each day to ensure that the mileage is correct.
The following information must be recorded each time you begin your drive to a destination associated with the business.
- The date of the business trip.
- Starting point for the trip. It could be the office or a job site.
- The ending destination for your trip.
- The purpose of your trip.
- Starting mileage on the vehicle.
- Ending mileage for that trip.
- Rate.
Each trip must be recorded and the beginning and end mileage at the end of the day to ensure they are precise. The IRS also requires that you keep these records on file for three years after you use them for deductions.
Our log form templates are grid-based files designed to organize information and record data entries. Beginners and professionals from all over the world are now using log sheets to create tables, calculations, comparisons, overviews, etc. for any personal or small business need.
This DOCx template is a great way to increase your productivity and performance. It gives you access to do remarkable new things with your Word Processor, even if you only have a basic understanding of it. If the time or quality of making a useful simple log is of the essence, this ready-made form can certainly help you out! Just download this file directly to your computer, open it, fill in the data, save it as a PDF, or print a clean log sheet directly.
Download this Mileage Log Form DOCx-file directly to your computer or check out this Mileage Log Excel spreadsheet as well.
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