Aviation Alert - Standard Industry Fare Level (SIFL) For Second Half Of Calendar Year 2011

The U.S. Department of Transportation, as reported by the National Business Aviation Association, has recently revised the SIFL rates for the six-month period from July 1, 2011 to December 31, 2011.

This information is necessary when applying the IRS' aircraft valuation formula to compute the value of non-business transportation aboard employer-provided aircraft. This is required under IRS Section 1.61-21(g). For additional information see the National Business Aviation Association website at www.nbaa.org.

Mileage Range

Amount Per Mile

0-500 miles

$ 0.2272

501-1,500 miles

$ 0.1732

over 1,500...