Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 14 · column 3 of 7 · from the scan, no model involved
By Q. EARL YANCEY
Rappahannock News Contributing Writer
$ew rules go into effect January 1, 1986, concerning the recordkeeping required for the business use of automobiles, computers, airplanes, boats, etc. All the publicity about the easing of the rules should not lead you to think that you do not have to keep records. The fact is that the new rules are very much like the 1984 Tax Act rules, with the exception that your recordkeeping no longer has to be done “contemporaneously;” that is, as the usage occurs.
You are still required to keep “adequate records” or “sufficient evidence” to substantiate any deductions or credits that you take for the business use of equipment. For automobiles you must keep a record of the date, the distance, the destination and the business purpose of
Spenyville Realty
• SPERRYVILLE EMPORIUM
* Sperryville, Virginia 22740
(703) 987-8088 - Office
94.6%