5 Most Overlooked Tax Deductions

Tom Wheelwright, CPA talks tax on the Daily Mix 4/10/2017
Tom Wheelwright, CPA is a Best Selling Author, Entrepreneur & Worldwide Authority on Tax.
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[@robinodowd458]

I'm doing direct sales and I'm employed outside of my home. How would deduction of mileage work in this situation? If I sell to people in my office, would the drive to work be deducted?

[@kalebhgoodwin]

The rule is commute miles cant be deducted. But the trick is... have a home office. Your commute is to your home office, than to your regular office at work. Now those miles are considered business travel, and are deductible.

[@neojb7417]

So, say that you are not self-employed, but tele-work, for the Federal Government?

[@DonRobertson82]

To deduct home-office expenses, you must use the area exclusively and on a regular basis, either as your principal place of business or a setting to meet or deal with patients, clients or customers.

[@levedia]

what does he means by documentation ? Explaining what the business meeting was about ?

[@cyclingqueenbee]

Noting the purpose of the expense, who you may have been meeting with, what was discussed...etc.