The IRS is providing temporary relief for company drivers who are determining the value of company-provided personal use vehicles through the annual lease value (ALV) and who may be experiencing potential tax consequences brought on by the COVID-19 pandemic. The IRS...
The standard mileage reimbursement rate for 2021 will decrease 1.5 cents to 56 cents on Jan. 1, 2021, after declining the same amount in 2020, the Internal Revenue Service announced. For 2021, the agency also decreased the rate for medical or moving purposes for...
