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Mileage
Posted by MightyMoe on October 12, 2022 at 4:35 pmI’m stuck with the IRS number for one client.
Good thing I don’t have to drive really far.
MightyMoe replied 2 years ago 3 Members · 7 Replies -
7 Replies
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With the incresased cost of fuel, etc, using direct costs for auto expenses instead of mileage deductions may turn out to be a better deal.
Stated another way: I would think the $0.625/mile shouldn’t be a “deal breaker”.
And I would also think how you file your taxes is up to you.
Increased overhead built into rates should help offset costs.
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Posted by: @michigan-left
With the incresased cost of fuel, etc, using direct costs for auto expenses instead of mileage deductions may turn out to be a better deal.
For this client there’s no options, whatever the IRS says, that’s what I have to use.
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Posted by: @michigan-left
Fair enough.
I recommend you seek a better CPA.
I get what you’re saying, but it’s only one client, every other job gets our regular charges. However, for this job I have an estimate to prepare and my one and only option is the IRS mileage rate, I was surprised how low it is, I haven’t looked at it in a couple of years.
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You can surely find some “deductible purchases” that will more than cover any lost income. ???? ????
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