Stacks Over Tax
Most business owners are either completely missing legitimate vehicle tax deductions… or they’re deducting auto mileage in ways that dramatically increase their IRS audit risk. In this episode of Stacks Over Tax, Mark Lewis, EA breaks down the truth about deducting auto mileage, how the IRS actually views vehicle deductions, and the biggest mistakes entrepreneurs make when trying to write off their cars. You’ll learn: - How the IRS mileage deduction really works - The difference between standard mileage and actual expenses - Why poor mileage logs can destroy your deduction - The audit triggers most business owners ignore - LLC and S-Corp vehicle deduction strategies - Personal vs business vehicle use explained - What qualifies as legitimate business mileage - How to document mileage correctly - Common CPA mistakes involving auto deductions - When deducting mileage DOESN’T make sense Stacks Over Tax is the podcast for entrepreneurs, LLC owners, investors, and business owners who want to legally reduce taxes, protect assets, build generational wealth, and understand the real strategies sophisticated businesses use to keep more of their money. Topics regularly include: - LLC strategies - S-Corp tax savings - Asset protection - IRS audits - Business tax planning - Vehicle deductions - Business write-offs - Paying kids tax free - The Augusta Rule - Generational wealth - Family LLCs - Wealth preservation - Corporate structure - Cash flow investing Connect with Us: http://www.executivemoneystrategies.com [http://www.executivemoneystrategies.com] Take the free 60-second tax reduction survey: http://bit.ly/taxquiz2026 [http://bit.ly/taxquiz2026] Join Our private business owner community: https://www.marksmoneysecrets.com/EWS-Private-Group [https://www.marksmoneysecrets.com/EWS-Private-Group] Get Your Copy of Mark's Newest Book: "Turn Your $60,000 Salary Into $1 Million" https://bit.ly/60KtoMillion [https://bit.ly/60KtoMillion] Join Our private business owner community: https://www.marksmoneysecrets.com/EWS-Private-Group [https://www.marksmoneysecrets.com/EWS-Private-Group] Get Your Copy of Mark's Newest Book: "Turn Your $60,000 Salary Into $1 Million" https://bit.ly/60KtoMillion [https://bit.ly/60KtoMillion]
29 episodios
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