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Subject: Mounted search and rescue
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Re: [MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007
- From: "IRVIN LICHTENSTEIN" <ilichten1@verizon.net>
- To: "'Mounted search and rescue'" <msar-riders@lists.ibiblio.org>
- Subject: Re: [MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007
- Date: Tue, 01 May 2007 16:25:59 -0500
This is another feel good law that has no effect
on the current situation. If you are reimbursed for an expense the payment is
not taxable to you as “federal” income as long as you do not try to
deduct it also. The fact that you put in the expense voucher and were reimbursed
is sufficient proof to exclude the payment from your income. Further, if you
were not reimbursed and the organization you incurred the expense on behalf of
was determined to be tax exempt under IRS 501 (c) (3) or equivalent as all
volunteer fire companies are by statute and most As to the amount received, that is up to
the reimbursing organization. At least one fire company here in the East is
paying over 48 cents a mile for personal cars used to attend training sessions
at the county fire school. The only glitch is if they use miles instead of
actual costs and you don’t get great mileage. This also means that an
EMT course costs $100 in tuition and typically a $1000 in mileage. I strongly
suggest that you balance actual cost versus mileage allowance when calculating
your expenses. With large SUV’s and pick ups, towing horse trailers,
etc. the actual cost method is usually more equitable at tax time, particularly
if you have had a big repair bill during the year. I drive a ¾ ton Suburban and
have used actual cost for over 10 years without an auditor questioning the
expenses, even when fairly rare but large mechanical repairs, such as an
injection pump, were included in the annual cost basis. The most important fact is that the
organization you donated to must have a letter of determination from the IRS as
to their tax exempt status if they are not a fire company since all other
response groups must apply for a finding and fire companies should since
calling yourself a fire company does not make you one. The only way a reimbursement is federally taxable
is if you already claimed the deduction (or you are committing fraud by
claiming the expense from multiple agencies or did not actually incur the
expense). Irv Lichtenstein From:
msar-riders-bounces@lists.ibiblio.org
[mailto:msar-riders-bounces@lists.ibiblio.org] On Behalf Of Hal Sikes |
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[MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007,
Hal Sikes, 05/01/2007
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Re: [MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007,
IRVIN LICHTENSTEIN, 05/01/2007
- Re: [MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007, Thor Burfine, 05/01/2007
- Re: [MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007, Una Smith, 05/01/2007
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Re: [MSAR] H.R. 606, Volunteer Emergency Responder Fair Mileage Act of 2007,
IRVIN LICHTENSTEIN, 05/01/2007
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