The IRS has changed it's mind and decided to revise the standard mileage rates for 2011 in teh middle of hte year. Now employers may reimburse up to 55.5 cents per mile driven in teh last half of hte year. The IRS is just acknowledging what we already knew, that gas prices are up and it is costing more to get around!
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IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
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