THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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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.

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.

Editorial

Late last November, with unusual zeal, the IRS proposed that the presence of a terminal rental adjustment clause indicates that the agreement is not a lease, disallowing any investment tax credits on finance leases for business and commercial usage.