| Vehicle
Worksheet |
| Information from this form is used to determine your deductible vehicle expense. Based on the information you provide, we will calculate your deduction under both the Standard Mileage Rate and Actual Expense Method and use the one that gives you the greater benefit. Please be as thorough as you
can. |
| Use the Tab key to move to the next
field. An asterisk ( * ) indicates a required field. |
|
| PART 1: General Information |
| a.
*Your
email Address: |
| b. *Name of person using the vehicle: |
| c. *Description of the Vehicle:(Example: Car, Taurus) |
| d. *How was the vehicle used: |
| Which copy of that tax form (1=1st copy; 2=2nd copy, etc.) |
| Activity or business name for which vehicle was used |
| e. Check this box if this is a leased vehicle
|
| f. Check this box if you are a rural mail carrier using your own car |
| g. If vehicle place in service before 2001, was the standard mileage rate used in the year the vehicle was first placed in service? If yes, check this box: |
|
| PART 2: Cost of Vehicle and Mileage Driven |
| a. Date vehicle was placed in service. |
| b. Original Cost (including sales tax & Basis of trade in). |
| c. Did you sell, give away, abandon, or end the lease on the car this year? |
| If yes, enter the month (1-12) in which that took place. |
| d. Number of months you used vehicle at least partly for business: |
| e. Number of months of exclusively personal use: |
| f. Number of business miles driven: ..... January - December 2001 |
| g. Number of commuting miles (between home & work): |
| h. Number of other personal miles driven: (Do not include business & commuting miles)
|
|
| PART 3: Vehicle Expenses Other Than Depreciation |
| A number of different types of expenses are listed below that you might pay
throughout the year. Enter in the amounts spent for the whole year for the items that apply to you. If no amounts are input, we will automatically use the Standard Mileage Rate method of computing your vehicle expense deduction. |
| Auto Insurance |
| Gasoline, Oil |
| License Tags |
| Parking & tolls when on business trips |
| Repairs, Maintenance |
| Tires |
| Other Miscellaneous Expenses |
|
| PART 4: Information Questions from the IRS |
| a. YES; NO; Do you (or your spouse) have another vehicle available for
personal use? |
| b. YES; NO; Is personal use during off duty hours permitted? |
| c. YES; NO; Was vehicle used by a more than 5% owner (of the business) or related person? |
| d. YES; NO; Do you have evident to support your deduction? |
| e. YES; NO; If yes, is the evidence written? (Do you keep a mileage log book)
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| *Click on the box when ready to send this form, then click Submit bar below: |
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