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In TTB, it states that for 2011 taxis can take the standard mileage rate. Previously taxi's for hire had to use actual expenses. I can't find this anywhere in the IRS publications. Has anyone else found it? Is this still true for 2012?
In TTB, it states that for 2011 taxis can take the standard mileage rate. Previously taxi's for hire had to use actual expenses. I can't find this anywhere in the IRS publications. Has anyone else found it? Is this still true for 2012?
IRS Pub 463. Page 2, 1st column, "Cars for hire....", also page 16, top of middle column "Note...".
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