An automated web-based mileage logger that easily tracks all IRS mileage related deductions for IRS Schedules C, E and A.
What it does..
calculates your actual miles driven based on the GPS coordinates of the addresses entered.
calculates your tax deduction, using miles driven, and the IRS reimbursement rate based on trip-type and year.
create a trips database for the year.
Benefits..
IRS audit-ready trip documentation, just in case.
minimal typing, use your browser's capability to recall addresses from a drop down-list if entered previously.
tracks two separate vehicles on one account
re-create logs for prior years. Maxxtraxx includes IRS Rate Tables for 2006, 2007, and 2008.
Simple, Fast & Efficient ! You provide the addresses.. Maxtraxx tabulates and calculates the deductions. Try it ! log in for a demo [Username = guest; Password = guest]
Why Businesses Need to Pay Attention to Mileage Expenses:
Audits increased for Schedule C filers from 128,062 in 2001 to 297,626 in 2006.
73% of Schedule C filers overstated expenses equaling to $40 billion dollars.
Travel, Car and Truck expenses equal 14.8% of all tax deductions.