"Fred Fillinger" wrote in message
...
...and then take the
standard IRS airplane mileage as a business deduction. Can't
find the link right now, but I believe it is presently $0.96/mile.
The IRS has never established optional mileage allowances for aircraft.
It is necessary to compute the actual costs for the portion allocable
to business use.
You are right. I just checked my link & it wasn't the IRS site.
However, the GSA *does* specify a reimbersement rate for
private aircraft. That rate is currently 95.5 cents per (statute) mile.
This applies to use of private vehicles on government business.
Their reimbursement rate for autos is exactly what the IRS allows
as a deduction, so it would seem to be quite a reasonable deduction
to take. Here's the link (sorry about the wrap) :--
http://www.gsa.gov/Portal/content/po...entType =1006
I'll run it through my CPA when I next see her.
--
Dr. Tony Cox
Citrus Controls Inc.
e-mail:
http://CitrusControls.com/