News & Analysis as of

Tax Deductions Business Travel Internal Revenue Service

Miller & Martin PLLC

The 6th Circuit Splits the Pie in Parker v. Battle Creek Pizza FLSA Litigation

Miller & Martin PLLC on

Classic Domino’s ads warned to “Avoid the Noid.” Recently, the plaintiff’s bar has been the Noid for pizzerias and similar restaurants. These employers typically pay delivery drivers minimum wage, minus a tip credit, and...more

Baker Donelson

IRS Announces Increased Audits on Corporate Jet Usage

Baker Donelson on

The U.S. Internal Revenue Service (IRS) issued a press release on February 21, 2024, announcing its plans to initiate a campaign conducting "dozens of audits" of large corporations and high-income taxpayers, focusing on their...more

Eversheds Sutherland (US) LLP

IRS sees flight risk with corporate jets

On February 21, 2024, the IRS announced a new initiative to audit large corporate taxpayer use of corporate jets, as part of a larger initiative focused on tax compliance of large corporations and high-income taxpayers. The...more

Skadden, Arps, Slate, Meagher & Flom LLP

IRS Announces Plans To Increase Audits of Personal Use of Business Aircraft

On February 21, 2024, the Internal Revenue Service (IRS) announced plans to commence a focused audit effort targeting private aircraft usage by dozens of large corporations, large partnerships and high-income individual...more

Ervin Cohen & Jessup LLP

A Reminder: The IRS Mileage Rates Have Changed

The 2023 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes have increased or remained unchanged from mid-year changes in 2022, when rates...more

Proskauer - California Employment Law

IRS Increases Mileage Rate for 2023

On January 1, 2023, the IRS mileage rate increased to 65.5 cents per mile for driving done for business purposes. This is a three (3) cent increase from the rate set for the second half of 2022. According to the IRS, this...more

Ruder Ware

IRS Releases Mileage Rates for 2023

Ruder Ware on

The Internal Revenue Service issued the 2023 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes.  The most notable change...more

McDermott Will & Emery

Weekly IRS Roundup June 27 – July 1, 2022

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 27, 2022 – July 1, 2022...more

Ervin Cohen & Jessup LLP

Employer Alert: IRS Mileage Rates Will Increase on July 1st

Effective July 1, 2022, the mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes will increase. In a rare move,  the IRS made this special...more

Littler

IRS Raises Standard Mileage Rate for July to December 2022

Littler on

On June 9, 2022, the Internal Revenue Service issued Announcement 2022-13, increasing the optional standard mileage rate for the final six months of 2022 from 58.5 cents per mile to 62.5 cents per mile.  The new rate will be...more

Ruder Ware

Pain at the Pump: IRS Announces Mid-Year Adjustment of Business and Medical Mileage Rates

Ruder Ware on

Due to the increase in the cost of gasoline since establishing the 2022 rates last year, the Internal Revenue Service is increasing mid-year the optional standard mileage rates for computing the deductible cost of operating...more

Ervin Cohen & Jessup LLP

A Reminder: The IRS Mileage Rates Have Changed

The 2022 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes have increased from last year or remained unchanged. Specifically, as of January...more

Ruder Ware

Increase in Gasoline Prices Means Increase in Optional Standard Mileage Rates for 2022

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2022, and the increase in rates...more

Ervin Cohen & Jessup LLP

A Reminder: The IRS Mileage Rates Have Changed

The 2021 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes have decreased from last year, or remained unchanged. Specifically, as of January...more

Ruder Ware

Lower Gasoline Prices Means Decrease in Optional Standard Mileage Rates for 2021 Wage Base

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2021, and the decrease in rates...more

Ruder Ware

Cheaper Gasoline Prices Means Decrease in Optional Standard Mileage Rates for 2020

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2020, and the decrease in rates...more

Ruder Ware

Increased Gasoline Prices Lead to Increase in Optional Standard Mileage Rates for 2019

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2019, and the increased rates reflect...more

Ruder Ware

2018 IRS Standard Mileage Rates Reflect Rising Fuel Prices

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2018, and the increased rates reflect...more

Ruder Ware

2017 Standard Mileage Rates

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2017, and the reduced rates reflect...more

Ervin Cohen & Jessup LLP

Don’t Put Away Those Party Supplies Just Yet: The New IRS Mileage Rates Are Here!

For the first time in human history, or at least a very long time, the mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes have declined....more

20 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide