MileageWise Blogfood for thoughts

Biden Tax Plan: Mileage Logs can become Invaluable

April 22, 2021Under President Joe Biden’s new proposed tax plan tax rates for individuals whose income is $400,000 and higher would increase while corporations would also be subject to a new minimum tax on book income. The Social Security tax would be extended to higher income levels and the estate tax exemption would be reduced…

The Champion Combo of the Mileage Logging Market

Last updated on December 14, 2023 MileageWise Inc. offers quite a unique approach to Mileage logging especially when it comes to Past Mileage Recovery.  Whether you are facing an unexpected IRS Audit or just want to claim Past Mileage on your taxes (as you can claim Mileage for 3 years retrospectively) Retrospective Mileage Recovery is…

A list of your Data that the IRS has Access To

Last updated on: January 3, 2023 Have you ever wondered what information the IRS is looking for when conducting an IRS Audit (e.g. for Mileage)? The IRS can track down your Business expenses and reconstruct your Daily Route from Parking fees, Tolls, or Vehicle inspection reports. Imagine that you are being Audited for Mileage by…

How to avoid being overcharged by your phone carrier

August 28, 2020 It is never a pleasant experience to receive an unexpectedly high bill When you use more data than the maximum amount declared in your cell phone plan, you will be charged a fee for the extra data. The amount charged will vary from service provider to service provider and will typically be…

Case Study #3: Incorrectly tracked miles

May 27, 2020 The goal of our new Case Study series is to educate our users about some common tax-related topics. We wanted to start with the not-so-fortunate cases. So that we can move on to the good practices later to show how much easier it is to claim a tax deduction by keeping and/or…