Brian F. Nicely - Page 8

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          5T(b)(2), Temporary Income Tax Regs., 50 Fed. Reg. 46014 (Nov. 6,           
          1985).                                                                      
               In lieu of substantiating the actual amount of any expendi-            
          ture relating to the business use of a passenger automobile, a              
          taxpayer may use a standard mileage rate established by the                 
          Internal Revenue Service (standard mileage rate).  See sec.                 
          1.274-5(j)(2), Income Tax Regs.; Rev. Proc. 2001-54, sec. 5.02,             
          2001-2 C.B. 530, 532.  The standard mileage rate is to be multi-            
          plied by the number of business miles traveled.  Rev. Proc. 2001-           
          54, sec. 5.02, 2001-2 C.B. at 532.  The use of the standard                 
          mileage rate establishes only the amount deemed expended with               
          respect to the business use of a passenger automobile.  Sec.                
          1.274-5(j)(2), Income Tax Regs.  The taxpayer must still estab-             
          lish the amount (i.e., the business mileage), the time, and the             
          business purpose of each such use.  Id.                                     
               In lieu of substantiating the actual amount spent for a meal           
          while traveling away from home on business, a taxpayer may use an           
          amount computed at the Federal meal and incidental expense (M&IE)           
          rate set forth in appendix A of 41 C.F.R. chapter 301 (appendix             
          A) for the locality of travel for each calendar day that the                
          taxpayer is traveling away from home on business.  See sec.                 
          1.274-5(j)(1), Income Tax Regs.; Rev. Proc. 2001-47, secs.                  
          3.02(1)(a), 4.03, 2001-2 C.B. 332, 333-334 (applicable to, inter            







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