MANAGING PUBLIC SECTOR VEHICLES & EQUIPMENT
Search Close Menu

Tag Search Result

IRS

IRS Raises Mileage Reimbursement Rate

The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.

IRS Drops Mileage Reimbursement Rate

The Internal Revenue Service has lowered the deductible mileage rate to 54 cents per mile for business miles in 2016 down from 57.5 cents in 2015, the agency has announced.

Montgomery County Faces Possibility of Take-Home Cuts

ROCKVILLE, MD - Montgomery County's "lax oversight and incomplete reporting" of take-home cars has officials worried about potential financial consequences from the Internal Revenue Service and questioning the need for these vehicles.

IRS Permits Fuel Sales Between Jurisdictions

PRINCETON, NJ - NAFA Fleet Management Association received confirmation from the IRS that sales of fuel from one jurisdiction to another are permissible. State-to-state (including county and municipal governments) sales are permissible, with both being tax exempt, but state or local governments may not sell tax-free fuel to a federal agency.