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Steve Foley wrote:
> $.88 per mile
The above appears to be what the governments policy is towards reimbursement
for private aircraft travel, not the IRS deductibility.
> Jim Fisher wrote in message ...
> >Yeah, the company can pay the FBO bills. Youre free and clear as long as
> >you abide by the limitations of your certificate.
> >Someone told me there was an allowable federal deduction for mileage when
> >taking an aircraft for business. It was considerably more that the
> >allotment for cars. Seems like it was 50-something cents per mile.
> >Anyone hear of this or know what this deduction is?
Checking through the IRS web pages I see nothing about a standard rate
for aircraft travel. It implies that one should deduct the actual expense(s).
> >Jim Fisher
> >North Alabama
> >Cherokee 180
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