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and (5) the business relationship, i.e., the occupation or other
information relating to the person or persons entertained,
including name, title, or other designation, sufficient to
establish the business relationship to the taxpayer. See sec.
1.274-5T(b)(3), Temporary Income Tax Regs., 50 Fed. Reg. 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 the applicable IRS standard mileage rate. See
sec. 1.274-5(j)(2), Income Tax Regs.; Rev. Proc. 2000-48, sec.
5.02, 2000-2 C.B. 570, 571 (applicable to Jan. 1 through Dec. 31,
2001). The IRS standard mileage rate is to be multiplied by the
number of business miles traveled. Rev. Proc. 2000-48, sec.
5.02, 2000-2 C.B. at 571. The use of the IRS 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 establish 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 applicable Federal meal and incidental
8(...continued)
pated in the business discussion. See sec. 1.274-5T(b)(4),
Temporary Income Tax Regs., 50 Fed. Reg. 46015-46016 (Nov. 6,
1985).
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