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Article Date:
January 2010


Word Count:
718

 

 

Secret Cash Found in IRS Mileage Rates


Recently, the IRS released its 50-cents-a-mile standard business mileage rate that qualifying taxpayers may use for tax year 2010 in lieu of actual expenses.1

 

Most people who use the IRS standard mileage rate are led down a primrose path, thinking that their use of the IRS rate takes care of things. This is incorrect thinking on a number of fronts.

 

In this article, we are going to explain how some users of IRS mileage rates have a secret stash of cash.

 

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