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Anthony R Santoro Consulting LLC

Tax Consultant Specialist

P.O. Box 8329 Radnor, PA 19087-4678

Fax: (610) 832-8968

taxman1942@verizon.net

November 29, 2007

2008 Standard Mileage Rates Released

The IRS issued Rev. Proc. 2007-70 with the 2008 optional standard mileage rates used for calculating the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning January 1, 2008, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) will be:

•50.5 cents per mile for business miles driven;

•19 cents per mile driven for medical or moving purposes; and

•14 cents per mile driven in service of charitable organizations.

The full text of Rev. Proc. 2007-70

"To help clients and ourselves achieve more than we ever thought possible and have fun doing it.”

Representation for Tax Problems

Anthony R. Santoro Consulting has the skills and experience to handle any problem you may have concerning the U.S. Tax Code. A partial list of areas that Anthony Santoro has handled for clients is shown below:

Delinquent Tax Returns

Audits & Appeals

Tax Liens

Installment Agreements

Offers in Compromise

Tax Levies

Collection Hearings

Penalties

Refund Claims

Payroll Trust Funds

Unreported Income

Child Care Credit

Sub-Contractor/

Employee Determination

Responsible Officer

Fraud

Innocent Spouse

Injured Spouse

Exemptions

Adoption Credit

Education Credits

Donations

Rebate Credit

Foreign Income

Section 179