Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-19-2015, 03:27 PM
Junior Member
 
Join Date: Oct 2015
Posts: 2
Mileage Deduction for a Second Job

I have a primary, full time job as an employee with a regular place of employment (office). I also have a second, seasonal job as a self-employed independent contractor. My second job is as an amateur sports official, and my place of employment varies constantly depending on the game site/location.

I have a few questions concerning commuting mileage vs. business mileage:

#1 -- It is my understanding that the only miles that are deductible as business expenses are the miles between one workplace and another. For example, if I leave my primary job and travel directly to a game site, the miles between my primary job and the game site would be deductible. Travel between either job and my home is considered commuting miles. Is this correct?

#2 -- Form 1040 Schedule C asks for the number of business miles and commuting miles. I keep detailed logs of my business miles that I plan to claim as a deduction (including odometer readings, date, time, purpose of trip, etc.), so this figure is easy to determine. Can I just estimate my commuting miles by taking my daily commute and multiplying it by the number of days I worked that year, or should I be keeping a detailed log of commuting miles also?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-19-2015, 11:29 PM
Moderator
 
Join Date: Oct 2010
Posts: 4,835
I have a few questions concerning commuting mileage vs. business mileage:

#1 -- It is my understanding that the only miles that are deductible as business expenses are the miles between one workplace and another. For example, if I leave my primary job and travel directly to a game site, the miles between my primary job and the game site would be deductible. Travel between either job and my home is considered commuting miles. Is this correct?=====>Accurate; You can deduct unreimbursed transportation costs between your main workplace and a temporary work location, the basic rule that the IRS follows is that commuting is a personal expense so it is never deductible. Commuting occurs when you go from home to a permanent work location—either your office or other principal place of business, or another place where you have worked or expect to work for more than 1year.
this is not your case , however, if you have a home office qualifying as your principal place of business. In this case, you can deduct the commuting exp you make from your home office to another business location. For example, you can deduct the cost of driving from home to your outside office, a client’s office, or to attend a business-related seminar.



#2 -- Form 1040 Schedule C asks for the number of business miles and commuting miles. I keep detailed logs of my business miles that I plan to claim as a deduction (including odometer readings, date, time, purpose of trip, etc.), so this figure is easy to determine. Can I just estimate my commuting miles by taking my daily commute and multiplying it by the number of days I worked that year, or should I be keeping a detailed log of commuting miles also?======>>You need to keep a detailed log of commuting miles. there’s nothing wrong with that, as long as they keep proper records. it’s important to document your total mileage as well as your business mileage but remember; Automobile Expenses are a Common Red Audit Flag from the IRS/your stte Dept of revenue also.
If you use your personal vehicle less than 50% of the time for business, you must use the IRS mileage rate method If you use your personal vehicle more than 50% for business, you may elect to deduct your actual expenses.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mileage Deduction janine_2uu Auto Expenses 1 04-02-2014 02:14 AM
Commuter Mileage Deduction for Employee? LindsayB830 Itemized Deductions 1 11-13-2010 04:54 AM
Standard Mileage Deduction - Title No in Name Kitty2010 Income 1 06-21-2010 10:40 PM
Mileage Deduction goguins11 Itemized Deductions 1 04-08-2009 11:56 PM
Mileage deduction for Temp Worker jamesebriggs Auto Expenses 0 12-17-2008 09:02 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning