IRS Medical Mileage on the Medical Expense Deduction. Much like the mileage deduction, you can use two methods to calculate car-related expenses for this deduction. The actual expense method lets you include out-of-pocket expenses like gas and oil.
Disregarded Entity Definition - What is a Disregarded Entity? What is a disregarded entity? A disregarded entity is a business entity which is considered to be an undivided part of the owner of the entity for federal tax purposes. That is, the entity is disregarded as an entity separate from the owner.
Entity that remains independent from the business owner in terms of tax filing procedures. This classification permits the owner of the business to disclosed income and expenses related to the business on his/her personal income tax return. LLCs that are owned by one individual are classified as a disregarded entity by default.