SORRY for THIS NEWS, but the mileage rate has not changed yet, no notices have been updated or received to date.
The standard mileage rate for all of 2012 is $ 55.5 per mile driven for busienss miles only
For Cargo Vans, up to 10,000 GVW only
Also, you must keep a accurate record of each load from start to finish, from the truckstop to the truckstop at the end of the load.
this is what they will look for,
Using year starting and ending mileage is no longer allowed, it must be actual in all ways.m Also since Cargo Vans do not log, you are going to have to provide Shipper and reciever to prove per deim
Since Straight trucks have a GVW of 26,0000 lbs and over they cannot use the standard mileage rate at all, So if you have been using this there will be a definite possibilty of a mileage audit in the very near future.
The IRS is planning on auditing between 500, 000 and 1 million
Sch C Sole Propreitors in 2013
Frank’s Tax andBusiness Service
120 York RD Kings Mountain, NC28086-3151
(704) 739-4039 Fax: (704) 739-3934
e-mail: [email protected]
Web Site: File Your Return Online
Franklin Katz, ATP, PA, PB,
Providing Professional Accounting, Bookkeeping, Payroll and Income TaxPreparation Services
*Circular 230 Disclaimer: To ensure compliance with Treasury Regulationsgoverning written tax advice, please be advised that any tax advice included inthis communication, including attachments, is not intended, and cannot be used,for the purpose of (i) avoiding any federal tax penalty or (ii) promoting,marketing, or recommending any transaction or matter to another person.
Confidentially Notice: This email message is Ifyou have receivedthis message in error and are not the intended addressee, please advise thesender by reply email and delete this message immediately.
*The IRS does not endorse any particular individual taxpreparer. For more information on tax return preparers go to IRS.gov
Its 55.5 cents per mile for all of 2012
The standard mileage rate for all of 2012 is $ 55.5 per mile driven for busienss miles only
For Cargo Vans, up to 10,000 GVW only
Also, you must keep a accurate record of each load from start to finish, from the truckstop to the truckstop at the end of the load.
this is what they will look for,
Using year starting and ending mileage is no longer allowed, it must be actual in all ways.m Also since Cargo Vans do not log, you are going to have to provide Shipper and reciever to prove per deim
Since Straight trucks have a GVW of 26,0000 lbs and over they cannot use the standard mileage rate at all, So if you have been using this there will be a definite possibilty of a mileage audit in the very near future.
The IRS is planning on auditing between 500, 000 and 1 million
Sch C Sole Propreitors in 2013
Frank’s Tax andBusiness Service
120 York RD Kings Mountain, NC28086-3151
(704) 739-4039 Fax: (704) 739-3934
e-mail: [email protected]
Web Site: File Your Return Online
Franklin Katz, ATP, PA, PB,
Providing Professional Accounting, Bookkeeping, Payroll and Income TaxPreparation Services
*Circular 230 Disclaimer: To ensure compliance with Treasury Regulationsgoverning written tax advice, please be advised that any tax advice included inthis communication, including attachments, is not intended, and cannot be used,for the purpose of (i) avoiding any federal tax penalty or (ii) promoting,marketing, or recommending any transaction or matter to another person.
Confidentially Notice: This email message is Ifyou have receivedthis message in error and are not the intended addressee, please advise thesender by reply email and delete this message immediately.
*The IRS does not endorse any particular individual taxpreparer. For more information on tax return preparers go to IRS.gov
Its 55.5 cents per mile for all of 2012
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