Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
July 2008


Word Count:
519

 

 

The IRS Mileage Rate Checklist


Who Qualifies to Use Mileage Rates?

 

·

You, as an individual, may use IRS rates in lieu of actual expenses.

·

You may not use the rates on a vehicle for hire, such as a taxicab.

·

You may not use the rates if your business uses five or more vehicles at the same time.

·

Corporations may not use the rates to deduct corporate-owned vehicles, but may use the rates to reimburse employees who use their personal vehicles for corporate business.

·

Although you may claim mileage rates on ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS