TAXBILLY Posted December 4, 2009 Report Share Posted December 4, 2009 http://www.irs.gov/pub/irs-drop/rp-09-54.pdf taxbilly Quote Link to comment Share on other sites More sharing options...
jainen Posted December 4, 2009 Report Share Posted December 4, 2009 >>2010 Standard Mileage Rates<< Thanks for posting this. Besides just listing this year's rates, it is a well-written review of many related issues. Note that although the rate goes down 10% this year, the basis adjustment goes up 10%. Also note that if you take standard mileage allowance the first year (instead of Section 179), you can switch to actual expenses but NOT to MACRS. And of course taxpayers setting up those popular S-corps and LLC's don't get to use the standard mileage allowance at all on a business return other than Schedule C. Quote Link to comment Share on other sites More sharing options...
Elrod Posted December 4, 2009 Report Share Posted December 4, 2009 Thanks Taxbilly What will they do with that nickle? :dunno: Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted December 4, 2009 Report Share Posted December 4, 2009 They have already spent it a few billion times, Elrod. Quote Link to comment Share on other sites More sharing options...
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