𝐈𝐑𝐒 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 (𝟒)(𝟓): 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐄𝐱𝐩𝐞𝐧𝐬𝐞𝐬 4. Operating Expenses – Allow the full operating costs portion of the local transportation standard, or the amount actually claimed by the taxpayer, whichever is less. Substantiation for this allowance is not required unless the amount claimed is more than the total allowed by any of the transportation standards. 5. If a taxpayer claims higher amounts of operating costs because he commutes long distances to reach his place of employment, he may be allowed greater than the standard. The additional operating expense would generally meet the production of income test and therefore be allowed if the taxpayer provides substantiation. Source: Internal Revenue Manual (IRM 5.8.5.22.3) #operatingexpenses #taxpayer #claim #taxpayer #provide #substantiation #employment #production #taxplanning #entrepreneurgoals #entrepreneurlife #offerincompromise #entrepreneurmindset #entrepreneurmind #car #carlifestyle #stephensbrostaxservice https://www.instagram.com/p/ByHQDQll009/?igshid=148votmhujg42