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 Reimbursement of Expenses F3056 English Version October 1 2015

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did you guys ever set of accountable plan or no oh yeah so accountable plan pretty much um think about it like a employee reimbursement program but for yourself uh since you're the you know business but essentially like say if you went for business Drive using your own car and then have an accountable plan where hey for every mile that you drive you get reimbursed you know the 65.2 cents CU generally what we see is that mileage standard mileage rate is actually better than um actual cost of the car itself that's another thing to evaluate but yeah you can definitely use a car okay yeah cuz the mileage log is defin that's like the true basis of what you're supposed to track because how the mileage log works is that one you take how many miles you drove times that standard rate or two you take the ratio of how many business miles divide by total miles and multiply that against your gas and that's how much you can take against your normal expenses

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