Forum Sponsor (Advertise with us)

#1 (permalink)   06-26-2008 Rebecka Melson Resident Member Company name: Virtual Business Services   Join Date: Sep 2007 Location: Oklahoma, USA Posts: 1,118 Tax News: Mileage Rate Increase July 1, 2008 The IRS is increasing the mileage rate for July 1 - December 31, 2008. Here is the link to the IRS article. Mileage Rate Changes effective July 1 - December 31, 2008. Business - $.585 Medical/Moving - $.27 Charitable - $.14 __________________ Rebecka Melson ~ Virtual Business Services

#2 (permalink)   06-26-2008 Tess Senior Member Company name: Codehead, LLP Latest blog post: SEO Q&A   Join Date: Apr 2007 Location: Portland, OR Posts: 9,131 Blog Entries: 3 Re: Tax News: Mileage Rate Increase July 1, 2008 Well good! Considering the price of gas this is absolutely necessary. Thanks for the heads-up Rebecka! __________________ Create a welcome packet for new clients with this guide and free templates! (Available in PDF and Kindle versions)

#3 (permalink)   06-26-2008 virtual writing Resident Member Company name: Virtual Writing and Communications Latest blog post: Triberr lament My latest Twitter: 7 Ideas for Making Customer Care Calls - I am plea...   Join Date: Nov 2007 Location: Alamance County, NC Posts: 1,410 Blog Entries: 1 Re: Tax News: Mileage Rate Increase July 1, 2008 Thanks Rebecka. I'll need to be accounting for some mileage soon, so that's useful info. Usually, my dusty little bomb just sits in the driveway. __________________ Mary H. Ruth/Virtual Writing & Communications http://www.writingVA.com

#4 (permalink)   09-17-2008 jlannette New Member   Join Date: Sep 2008 Location: Milwaukee Posts: 11 Re: Tax News: Mileage Rate Increase July 1, 2008 Hello Rebeka and all, do you have a link I can refer to for showing what all the tax benefits being available new VA? How do I track my mileage for tax reporting? I could make about trips school, store and va business for example, how do I single out just the VA business trip? I hope my question is making sense!!!!

#5 (permalink)   09-17-2008 Rebecka Melson Resident Member Company name: Virtual Business Services   Join Date: Sep 2007 Location: Oklahoma, USA Posts: 1,118 Re: Tax News: Mileage Rate Increase July 1, 2008 You need to keep a mileage log to track all of your business miles. If you do a search online you can find all types of options to download for free. You can also purchase them at your local office supply store. __________________ Rebecka Melson ~ Virtual Business Services