Question about Irs Mileage Rate
Q.Everybody seems to be using the word 'partner' here, which seems to indicate ownership of the company. What if I'm just a lowly employee who needs to go on a business trip. If I (on my own prerogative... i.e. I could have driven or flown commercial if I had wanted to) decide to fly myself, am I legal? Can I bill this back to the company (either actual costs, or the IRS mileage rate)? What if I take a fellow employee with me. Does this change anything?
A.I don't know the FAA position on this, but since my company doesn't permit private flying for business purposes, it's moot to me. I would expect that you may be able to get any "reasonable" rate of reiumbursement, but again, I haven't looked into it. (NB: the mileage rate for airplanes is much higher than the auto rate, so don't restrict yourself to the auto rate...) Also note that you need the company to agree to reiumburse you, regardless of what the FAA opinion is. Besides the FAA position on reimbursement, don't forget the IRS has rules about travel expenses. You might only to be allowed to claim the lowest of the rates for car transportation or have to report "income" if your company reimburses you for more than the automobile rate. How much you can bill is the big question. The Federal government has a standard reimbursement rate for private automobile travel (which is well known) and private airplane travel (which most people don't know). Last I checked, it was about 90 cents a mile. If you use those numbers, the IRS is unlikely to complain, just as they don't complain about the 32 cents (or has that changed) for automobiles.
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