If you have no clue of your trips in your mileage log, MileageWise will dig them out for you!
With the AI-based learning algorithm called the AdWise feature,
just put a few things into the MileageWise dashboard: your partner list, your current odometer reading, days-off, refueling receipts (optional), etc. MileageWise will create a mileage log recommendation that needs to be further edited for the most accurate results. In the process, the Built-In IRS Auditor monitors over 70 logical conflicts in your mileage log, just as if you had an IRS Auditor in your back pocket.
This feature was hardened by the toughest IRS in the world. The software has stood the test of the tax auditing authorities and was called into being to solve the problem of missing or forgotten mileage recovery.
We have helped protect thousands of customers when the IRS was auditing them and none of our clients were penalized.
The AdWise feature is NOT a random mileage log generator!
We recommend this to those who haven’t tracked their trips for any reason and want to create their IRS-proof mileage logs retrospectively as quickly as possible, easily, accurately, and want to get over with the task quickly in the future too.
When the Clock is Ticking…
If you have to create a mileage log in minutes for reimbursement or tax deduction purposes and you want to be able to maximize that reimbursement or tax deduction, you don’t have to give up on 80-100% business usage!
– “What does the IRS have to say about this?”
According to Publication 463 of the IRS of course the best documentary evidence of a business expense is a record kept at or near the time of the expense. However, as it may not always be realistic to keep a record at or near the time of the expense, later recorded documentary evidence is also acceptable if it is in the IRS-required format and the data is clearly supporting the claimed expenses.
Therefore, the key determinant of a record’s legality and compliance is not the time when it was created but the legality and reality of its content. To reconstruct a mileage log is a possibility and an opportunity for all, who claimed business mileage deduction in the past but did not provide sufficient documentary evidence.
When audited, the IRS can ask for a mileage log of the audited year and it will primarily and only will investigate its content and compliance with the requirements of the IRS.
These are the two easiest ways to create IRS-Proof Mileage Logs:
1. Reconstruct your missing past mileage logs with MileageWise!
2. Outsource the task to Mileage Log Experts!