Due to rising gas prices, the IRS has increased the mileage rate by eight cents to 58.5 cents a mile for all business miles driven from July 1 through Dec. 31, 2008.
Financial Leadership Forum
Headlines Filing Extensions Changing for Some Business Taxpayers Later this YearThe Internal Revenue Service announced a change in the
extended due date on certain business returns to help individuals
better meet their filing obligations. The change, which reduces the
extension period from six to five months, eases the burden on taxpayers
who must report information from Schedules K-1 and similar documents on
their individual tax returns.
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