IRS ANNOUNCES NEW STANDARD MILEAGE RATES

The Internal Revenue Service (IRS) recently announced an increase in the optional standard mileage rate from 51 cents to 55.5 cents per mile for all business miles driven from July 1, 2011 through December 31, 2011.  This is highest IRS standard rate since the latter part of 2008. www.irs.gov. Although the IRS typically updates its […]

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