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ArticlesOctober 15, 2013

Alternative-Fuel Tax Credits for Fleets

Many eligible fleets may be leaving money on the table by not filing for alternative-fuel tax credits. The filing process isn’t as tricky as it may appear to be.

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NewsDecember 13, 2012

IRS Changes Standard Mileage Reimbursement Rate to 56.5 Cents for 2013

WASHINGTON - The new IRS mileage reimbursement rate reflects an increase of 1 cent, up from 55.5 cents per mile in 2011 and 2012.

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NewsDecember 14, 2011

IRS 2012 Business Mileage Rate Unchanged From July 2011

WASHINGTON – The IRS announced the optional standard mileage rate for business use of a vehicle is unchanged from the rate announced in July 2011, at 55.5 cents per mile.

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NewsOctober 4, 2011

IRS Ruling Makes Employer-Provided Cell Phones Non-Taxable

WASHINGTON - When an employer provides a cell phone for business purposes, and not part of any kind of compensation, business and personal use of the phone is generally non-taxable to the employee.

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NewsJune 27, 2011

IRS to Increase Standard Mileage Rates

WASHINGTON – The IRS is increasing the optional standard mileage rates for operating an automobile for business purposes for the last half of 2011.

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NewsMarch 15, 2011

IRS Announces New 2011 Auto Depreciation Limits

WASHINGTON – The IRS has published updated guidelines for 2011 for inflation-adjusted depreciation limits and lease inclusion amounts for passenger vehicles.

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NewsJune 21, 2010

5 BMW Models Now Quality for IRS Alternative Motor Vehicle Credit

WOODCLIFF LAKE, NJ - The Internal Revenue Service (IRS) certified that the BMW ActiveHybrid 7 qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision.

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NewsJanuary 8, 2010

IRS Announces 2010 Standard Mileage Rates

WASHINGTON - The new rates for business, medical, and moving purposes are slightly lower than last year's, reflecting generally lower transportation costs compared to a year ago.

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NewsFebruary 9, 2009

BMW Advanced Diesel Models Qualify for IRS Advanced Lean Burn Technology Motor Vehicle Tax Credit

WOODCLIFF LAKE, N.J. – BMW of North America, LLC confirmed that both of its BMW Advanced Diesel models with BluePerformance technology have qualified for an Internal Revenue Service (IRS) Advanced Lean Burn Technology Motor Tax Credit.

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NewsFebruary 9, 2009

BMW Advanced Diesel Models Qualify for IRS Advanced Lean Burn Technology Motor Vehicle Tax Credit

WOODCLIFF LAKE, N.J. – BMW of North America, LLC confirmed that both of its BMW Advanced Diesel models with BluePerformance technology have qualified for an Internal Revenue Service (IRS) Advanced Lean Burn Technology Motor Tax Credit.

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