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Automobiles
IRS Announces 2012 Standard Mileage Rates
January 18, 2012IRS News Release
The IRS recently announced the 2012 standard mileage rates, many of which are the same as the rates released in July.
The New Tax Breaks for Business Autos
November 09, 2011The Wall Street Journal
We’re not big fans of the recordkeeping requirements for business automobiles, but for those clients willing to maintain good records, a deduction for business use of automobiles is allowable. Here is a recent article outlining some of the benefits.