The internal Revenue Service has released the standard mileage rates for deducting automobile expenses in 2010. For business use, the rate will be 50 cents per mile, down from 55 cents in 2009. For medical or moving purposes, the rate will be 16.5 cents per mile, down from 24 cents per mile in 2009. Please comment as to how this could impact you for your 2010 taxes.
2010 Mileage rates are released by IRS
Posted by Howard Kaufman in General | 0 comments
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“Howard Kaufman has been my accountant for the past 20 years. I met Howard at a trade organization. Through this association, I came to know and trust Howard. He has assisted me with my individual and business accounting; everything from payroll, accounts payable, financial statements and tax returns to long range planning. The trait I admire most about Howard is his honesty. I feel that he truly watches out for the well-being of his clients.
Howard is constantly giving me suggestions that save …
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