Ask Yourself

Ask yourself the following:

• Do you use a personal vehicle in the course of your business or employment?
• Do you receive any reimbursement for auto expenses?
• Is your vehicle owned or leased?
• If leased, what are your monthly lease payments and how many months were paid in the tax year?
• If owned, what was the original cost of the vehicle?
• Has a mileage log been kept to document business usage?
• Does the car qualify under the passenger restrictions?
• Are non-receipted expenditures (parking, coin car washes) logged or is a reasonable amount allocated for such expenses?
• Are changes in use of the vehicle (personal to business and vice-versa) properly logged?
• Are appointment details sufficient to determine deductibility (travel directly to meeting, for example?)