The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a vehicle.
The business mileage reimbursement rate for 2019 increased 3.5 cents to 58 cents on Jan. 1 after two years of minimal change, the Internal Revenue Service announced late last year.
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.
Ward County, N.D., owes the Internal Revenue Service (IRS) $80,000 in back payroll taxes for allowing employees to take home vehicles, an audit conclusion the county plans to challenge.
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.
Cabell County, W. Va., employees assigned take-home vehicles must begin paying taxes on the value of the vehicle to continue using it outside of work hours.
The Internal Revenue Service has notified Putnam County, Tenn., officials that they must either mark take-home vehicles or begin paying taxes on them.
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.
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.
GREENSBORO, NC - An IRS ruling stated that it wasn't legal for counties or cities to sell gas to other entities, public or private.