An IRS compliant mileage log must be detailed, consistent, and created contemporaneously—that is, maintained as you drive rather than compiled later. It should include information like trip dates, destinations, business purposes, and the number of miles driven. Logs that are vague, estimated, or incomplete are likely to be rejected in the event of an IRS review. Many business owners now rely on mileage tracking apps to create accurate, IRS-compliant records. These tools simplify the process and reduce the chance of human error. Maintaining a compliant log can lead to significant tax savings and audit protection.
An IRS compliant mileage log must be detailed, consistent, and created contemporaneously—that is, maintained as you drive rather than compiled later. It should include information like trip dates, destinations, business purposes, and the number of miles driven. Logs that are vague, estimated, or incomplete are likely to be rejected in the event of an IRS review. Many business owners now rely on mileage tracking apps to create accurate, IRS-compliant records. These tools simplify the process and reduce the chance of human error. Maintaining a compliant log can lead to significant tax savings and audit protection.