Today, IRS Commissioner Koskinen painted a clear picture of how the IRS plans on “overseeing” billions of dollars in taxpayer subsidies. When asked by Health Subcommittee Chairman Brady if the IRS would be following the law and collecting taxpayer dollars that went to people who were not eligible, Koskinen simply said, “Wherever we can, we follow the law.” [House Ways and Means Committee]
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Stretching Your Mileage on the Expense Report Won’t Pay as Well in 2010
Perhaps you stick to the honor system when it comes to plugging the mileage into your expense report but for those of you that like to turn that 14.4 miles on Google Maps to 15, may be tempted to fudge further 2010:
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
• 50 cents per mile for business miles driven
• 16.5 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations
The new rates for business, medical and moving purposes are slightly lower than last year’s. The mileage rates for 2010 reflect generally lower transportation costs compared to a year ago.
As Joe Kristan notes, this is down from the 55 cents in 2009, so our prediction is that many will be stretching the mileage even further in the new decade. You know who you are.
IRS Announces 2010 Standard Mileage Rates [Press Release via Tax Update Blog]