Strictly speaking...…...technically speaking...…….it appears that such would be allowable. Practically speaking...…..I would not do it. Too much hazard, and if questioned, there is no time to re-establish the method. With Onstar, etc etc one can probably validate the mileage readings, so that is not as much of a problem as it used to be. However, if the total miles for the year seem to the IRS as being a bit "high", I see no capacity for recovery. and, since the real value of the mileage method typically kicks in with high mileage drivers, as compared to the mileage incurred by a vehicle "....used in farming", my concern would be that a taxpayer could be setting himself up for a tax problem during audit that could be easily circumvented. With the actual method, everything is "clean"------ all expenses go thru the books, are documented (or should be) with cash payments, etc. etc. There is nothing that is on a "trust me" basis. With the mileage method, there is the trust factor that all miles are business, or at least de minimus personal. I hate to be a chicken...…….but it is called "don't poke the bear". |