CCH Tax News Headlines - November 25, 2008

Nov 25, 2008 1 Replies

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John H Fisher 17 years ago

Federal Headlines:

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11/25/2008 - 2009 Standard Mileage Rates Released (IR-2008-131; Rev. Proc. 2008-72) 11/25/2008 - Escrowed Sale Proceeds Taxable to S Corporation Owner in Year Disbursed (Carione, TCM)

State Headlines: 11/25/2008 - California --Corporate, Personal Income Taxes: More Tax Relief Available to Southern California Wildfire Victims

Missed a headline? Click here for last week's tax highlights. -

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Paul Thomas, CPA 17 years ago

"John H Fisher" wrote

Just to fill in the blanks without political comment:

Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be:

55 cents per mile for business miles driven 24 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations

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