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the business benefit derived or expected to be derived as a
result of travel. Sec. 1.274-5T(b)(2), Temporary Income Tax
Regs., 50 Fed. Reg. 46014-46015 (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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