Once Set for a Year, When Might the IRS Change

question 47

Essay

Once set for a year, when might the IRS change the rate for the automatic mileage method?

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Definitions:

Promoter

An individual or company responsible for organizing, marketing, and often financing a project or venture, especially in the entertainment industry or in founding a corporation.

Incorporator

An individual who applies for incorporation on behalf of a corporation.

Facilitator

An individual or entity that makes a process or action easier by providing support or resources.

S Corporation

A type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.