IRS Announces 2012 Standard Mileage Rates

IRS News Release

The IRS recently announced the 2012 standard mileage rates, many of which are the same as the rates released in July.

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The New Tax Breaks for Business Autos

The 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.

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