The IRS has increased deductible mileage rates for business use of your vehicle to 55.5 cents per mile for the second half of 2011. As always, remember to keep an accurate log of business miles driven.
http://www.irs.gov/pub/irs-drop/a-11-40.pdf
Tax Tips, Business News and Personal Observations are discussed by Mike Conroy, CPA from Boulder, Colorado.
The IRS has increased deductible mileage rates for business use of your vehicle to 55.5 cents per mile for the second half of 2011. As always, remember to keep an accurate log of business miles driven.
http://www.irs.gov/pub/irs-drop/a-11-40.pdf
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