Sophie Borodin wrote:

- quote -

I forget the mileage rate for 2003; was it 36 cents per
mile? If so, in this case, your deduction should be 360$
less, resulting in (at 15% tax rate) 54$ more in income
tax, and a bit of added self employemnt tax, maybe....
51$? or so?

Therefore, yes, do amend.

Go and sin no more.

ChEAr$$$$,
Harlan Lunsford, EA n LA]
13 Apr 2005
ONLY two days more!

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

2003 was my first year with my home business. I couldn't
find my oil change receipts and didn't keep the best mileage
log. I overestimated actual miles driven by about 1,000. (I
only kept track of business trips, not commuting or my
year-end mileage total.) My commuting/business mileage
reported was essentially right - the only problem is my
first oil change in 2004 shows fewer miles on my car than I
claimed on my 2003 return. I have receipts to back up the
business miles I drove in 2003.

Since this is the only number that was wrong on my 2003
return, should I file an amended return to get the numbers
to line up right in case of an audit, or just leave it
alone? I'm afraid of triggering an audit.

Any advice would be appreciated.

Thanks,
Sophie

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->