Category Archives: Auto Expenses

Sales Tax Strategy

Today TaxMama hears from Fran from Marietta, GA asks “Are you able to take sales tax deduction on automobile purchase?”

Mileage Reimbursement

Today TaxMama hears from Jerry in Abingdon, VA who tells us, “My wife is a sales rep. She is paid 20 cents per mile. She has driven over 1200 miles (we have documentation). What form do we use to claim the unpaid mileage vs the government’s 40.5 cents per mile? My wife does not own […]

Mileage Log Book

Today TaxMama hears from Kona in Hawaii, who inquires, “Do you know where I can get a mileage log book? You know, So I can log my business miles. Better yet, tell me what’s required and I’ll design one with my computer.”

Real Estate Biz

Today TaxMama hears from Mike from Florida, “I am getting into the real estate sales business in southwest Florida. What business-related expenses are normally deductible?  May I deduct the training required by state law?  Car expenses, including leasing, fuel, and maintenance for a business-only vehicle?  Office space in the home? Anything else?

Packing it In

Today TaxMama hears from Richard in McAllen Texas, who asks: “I am in the process of starting up a moving and packing business. It was my intention to purchase one or two used trucks—the type that the truck rental firms sell off after they have deprecitated them to their fullest. My question: Will used vehicles […]

Auto Pay Sales Tax

Today John in Youngstown, OH is curious “For an automobile purchase in Ohio does the state sales tax get applied based on the original purchase price or after rebates are applied?”

Pay What?!

Today Rod from SC has some money burning a hole in his pocket. “If you had $14,000 to pay some bills, which payment would provide the best tax advantage: Pay student your loans of $14,000; Pay car note of 14,000: Or put the total into your home mortgage of $60,000? Please explain your suggestion. My […]

Ask TaxMama Issue #1 – Merrily We Tax Along…

Ask TaxMama Merrily We Tax Along… Welcome to the first edition of Ask TaxMama. AskTaxMama will be published every two weeks. You will find the complete text of this issue on the site at Lower Standards For the first time in anyone’s memory, the IRS arrived at a standard mileage rate that was lower than […]