Is the 44.5 cent/mile mileage expense set by the IRS required to be paid out?
541362
no can pay anything but keep track of your miles as you can claim off you income tax the difference-it adds up quick
442260
if you call the IRS they can send you a printout. I think it costs a few dollars.
199627
The deduction is for a casualty/theft loss.  And a PORTION of the $3000 may be deductible.  You need to find out what the actual Fair Market Value of the car was (use a blue-book, not your estimate).  Subtract any reimbursement your recieved.  And then subtract $100.  This is the amount you can claim as a deduction.\n\nHowever, in order to take the deduction, you have to be itemizing your tax return.  Combined with the car loss, do you have paid medical bills, mortgage interest, personal property tax, and/or chartity contributions that add up to more than $5000 (if you're single, $7500 for HOH, or $10000 if you're married)?\n\nIf not, it's not beneficial for you to claim the loss.\n\nAnd Jeff is right.  I forgot about the 10% of AGI.  Guess I should look next time before answering from memory =)\n\n**As a side note, full coverage is to make sure you are reimbursed dollar for dollar for your loss.  It has nothing to do with a deduction on your federal tax return.
160655
No.  This is a no-brainer.  But don't take my word for it - call the IRS directly, they will actually tell you what the law allows.
321840
more than you want to think about.\njust call the IRS, they'll be glad to inform you. Of course, the IRS advice is wrong 1/3 of the time.
2864
it depends.  travel  allowance (meaning not based on mileage) is like bonus, needs to be suject to payroll taxes withholding.  mileage reimbursement (meaning reimbursed by miles) is like reimbursement, not subject to tax and log sheet must be kept every month
654229
As of 9/1/05, it is 48.5 cents per mile.
177728
you can deduct your gas (from receipts), but you have to know your business mileage (or business related) for the first 8 months vs. the last 4 months and your overall mileage including personal use b/c there's a certain formula used. Usually, in most cases, the best way to go is to use the standard mileage rate. Also, there's no sense in deducting your mileage on a form 2106 (unreimbursed employee expenses) for your schedule a unless you have enough expenses to exceed your standard deduction. however, if your talking about self employment (your schedule c or c-ez) then there's no basic to deduct or try to override. Also remember, that it's not always best to deduct your mileage on a schedule c or c-ez, sometimes it can be more harmful than useful.
156808
well...it's really depends on an employer but for 2000 miles it's about $8000.
557317
http://www.irs.gov/businesses/small/article/0,,id=110417,00.html
193234
if you were deducting expenses or depreciation for the car on your tax return, then yes.\n\nif you are in a trade or business of selling cars, then yes.\n\nif it is just a sale of your personal vehicle, no.
879450
1)  The simple answer is no.  That's not strictly true as it is possible to claim VAT back if the car is bought solely for business use.  This criterion is quite strict.  It usually means that it must only be insured for business use and you will have to convince HMRC that it is not used for any private mileage.  The only businesses I know that claim this are vehicle leasing companies and private chauffeur hire companies.\n\n2)  Yes, capital allowances are available but note that unless the car qualifies as in (1) then first year allowance will not be available.  You just get the 25% writing down allowance subject to the overriding maximum.  As already mentioned you must reduce the claim by the proportion of private miles to total miles.
297981
Footnote to the footnote, unless you are continuing to work and are a 5% owner or greater including family attribution, then you still have to take the RMD.\n\nGood luck!
94643
Generally, no. If you use the vehicle for business (commuting doesn't count) you can take a portion of the depreciation as a deduction.
65074
this is a new ?? to me.  go visit the irs website and see if they can help.\ngood luck
232425
If you are talking about the milage it takes for you to commute back and forth to you job, you cannot deduct the milage.  If you have to do that traveling in the course of your employment, and you're not reimbursed by your employer, then it can be deducted.\n\n(Maybe the accounting student should study more)
315526
This is something that has nothing to do with a particular state, but rather the individual employer.  I have seen as much as 47cents per mile, to a breakdown of miles.  For example, if you drive 100-250 miles per month you get a flat 150.00, and so on.\nCommonly, the pay for mileage is based upon what uncle SAM allows on a tax deduction, plus a little over to offset wear and tear.  In Nevada, about 38.5 cents per mile, if you use your own vehicle.  Many employers here provide company vehicles, so mileage is not an issue.