MileageWise BlogTips, tricks, information about mileage logging straight from the CEO

What is the Maximum IRS Penalty?

Understanding the IRS penalties can be daunting, especially when it comes to knowing what the maximum IRS penalty could be. Whether you're an individual taxpayer or a business owner, it's crucial to grasp the potential consequences of failing to comply with tax regulations. In this article, we will break down what the maximum IRS penalty…

Is IRS Penalty Tax Deductible?

When it comes to navigating the complexities of taxes, one common question arises: is IRS penalty tax deductible? Understanding the answer to this question can help you manage your finances better and avoid unnecessary surprises during tax season. In this article, we will explore the intricacies of IRS penalties, their deductibility, and provide you with valuable…

Understanding IRS Penalty for Late Filing 1099

Filing taxes can be a stressful experience, especially when it comes to the various forms required by the IRS. One of the forms that many businesses encounter is the 1099 form. If you're wondering about the IRS penalty for late filing 1099, you’re in the right place. This article will break down everything you need to know,…

Can You Claim Car as a Business Expense?

As a business owner, you might often find yourself asking, “Can I claim my car as a business expense?” Understanding the rules and regulations surrounding this topic is essential for effective financial management. In this article, we will explore how you can claim your vehicle as a business expense, the requirements you must meet, and the available…

Which is the Best Mile Tracker For Work and Efficient Logging?

Are you tired of manually tracking your miles for work? Do you lose out on tax deductions because of it? Do you spend hours sorting receipts and trying to remember your trips? It's time to make tracking miles easier with the best mile tracker for work. Try MileageWise for free for 14 days. No credit…