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Using Your Car for Work?
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.
Are you an employee who 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 Doctor Friday Call-in Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.7 WTN.
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By Dr. Friday Tax & Financial Firm
5
11 ratings
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.
Are you an employee who 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 Doctor Friday Call-in Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.7 WTN.