Is taking 5,000 miles from the annual total, to arrive at the business mileage, an acceptable calculation?
[BACK TO TOP] It is not in order for an employer to merely deduct 5,000 miles from the annual odometer reading to arrive at the estimated business mileage and that in the absence of records verifying the actual business mileage taken, it is likely that in the event of an audit, an auditor would have no option but to assume business mileage less than 15,000 miles and apply the 30% rate to the Original Market Value.
