Tag Archives: Van

Section 179 Commercial Vehicles

Today TaxMama hears from Jared in the TaxQuips Forum,who is confused. “What are the guidelines for writing off a new commercial van?  I need a big deduction. Can I write off the whole thing? I have been to many sites – and even the IRS site is different. I thought it was $25,000 last month […]

2011 standard mileage rates

The IRS released Rev. Proc. 2010-51 and announced that beginning January 1, 2011, the following standard mileage rates will apply: 51 cents per mile for business miles driven; 19 cents per mile driven for medical or moving purposes; and 14 cents per mile driven in service of charitable organizations. These rates apply to the use […]