How Does the IRS Calculate Mileage Reimbursement?

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Tip 1 - How to Calculate Business Mileage Reimbursement

Published: 9 years, 3 month(s) ago | Submitted by elite staff | permalink

Mileage reimbursement supplies a per-mile payment to your employees for business travel in a personal vehicle. The mileage rate as determined by the Internal Revenue Service provides expense relief ...

For further reading: http://smallbusiness.chron.com/calculate-business-mileage-reimbursement-22313.html ^[1]

Tip 2 - IRS Mileage Reimbursement Calculation | eHow

Published: 9 years, 3 month(s) ago | Submitted by dani shahal | permalink

The Internal Revenue Service allows a variety of different mileage reimbursement plans. Employers may reimburse actual vehicle expenses, use the IRS standard mileage rate or not reimburse expenses at all. To be a valid expense, the business must maintain proof of the expense and verify that the miles were driven for a business purpose.

For further reading: http://www.ehow.com/info_7944552_irs-mileage-reimbursement-calculation.html ^[2]