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PPL Flight Expenses Legal?



 
 
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  #1  
Old September 3rd 05, 05:12 AM
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Robert M. Gary wrote:
"some companies.. including the federal gov't, already have in a
"mileage
allowance" "

Actually, this is something set by the IRS. If a company pays you more
than the mileage allowance (this is for cars) you must show receipts to
the IRS that your vehicle costs more to operate, otherwise you will be
taxes on the difference as ordinary income.


About two years ago I recall reading that there was a rate of
$0.975/mile for use of GA aircraft. Auto rate was about $0.37 at the
time. I'm not sure if this was official IRS rate or a contract rate set
by GSA or somehting similar.

The IRS would actually be quite irritated if you took a car milage
against an aircraft unless you also provided documentation that you
spent at least that on the aircraft. You can not just say "give me the
mileage allowance and don't ask how I got there".


If this is just an occasional usage I'd just claim it as car mileage
and no one will be the wiser. In the odd event you get audited, the
actual rate will surely be significantly higher.

-cwk.

  #2  
Old September 3rd 05, 01:55 AM
kontiki
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Yes.

wrote:

On Tuesday I must make a trip to a customer site. It is about a 3 hour
drive, but I can make the trip by flying myself in 36 minutes. My company
pays for mileage if by car, and no policy setup for renting a plane and
flying myself.

Let's assume my company will pay the cost of plane rental... If I were to
rent a plane and fly to the local airport with a co-worker, would this be
legal under the FAR's? As has been said before, there is not a real clear
cut answer from what I can tell. I think I would be ok by the FAR's...
Thoughts?


 




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