Monday, November 16, 2009

Get more miles out this app

Small business owners that use an iPhone and are looking for a more tech savvy way to keep track of their mileage may get a kick out of this new app. Tap2Track by Intuit was recently updated on Nov. 5th and can calculate your mileage from starting point to destination using GPS. Once the trip is complete, the app will also e-mail you a copy of the mileage details for your IRS records. Pretty cool huh?

When the app was recently introduced on one of the accounting discussion lists that I belong to, there was a great deal of skepticism from some of the “tech challenged” members citing various IRS rules and Tax Court decisions regarding the use of technology to maintain mileage records. The IRS typically requests that taxpayers maintain a written mileage log for trips and Tap2Track is not written. I personally think that the app will pass the IRS’s test since technology is the way of the future. Just recently the Congress requested that tax preparers who file more than 10 returns must file those returns electronically, so I think small business owners will have no problem using this app for their mileage tracking.

B. N. S.

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