Which of the following taxpayers may not use the standard mileage method of calculating transportation costs?
A) A self-employed CPA who drives a computer-equipped minivan to visit clients.
B) A taxpayer who has a fleet of 10 business automobiles.
C) A real estate salesperson who drives a $70,000 Mercedes while showing houses.
D) An attorney who uses his Yaris for calling on clients.
E) All of the above taxpayers may use the standard mileage method.
Correct Answer:
Verified
Q21: Vinnie has a small retail store and
Q24: Vinnie has a small retail store and
Q27: The standard mileage rate for automobiles in
Q29: Curt is self-employed as a real estate
Q31: Barry is a self-employed attorney who travels
Q33: The IRS has approved only two per
Q34: For an expense to qualify as a
Q34: Paul is a self-employed investment adviser who
Q35: If a taxpayer works at two or
Q40: Greg, a self-employed plumber, commutes from his
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents