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#1
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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
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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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