Standard industry fare level (SIFL) for first half of calendar year 2014

The U.S. Department of Transportation recently revised SIFL rates for the six-month period from Jan. 1, 2014, to June 30, 2014. These rates are necessary when applying the IRS’s aircraft valuation formula to compute the value of non-business transportation aboard employer-provided aircraft as required by the Internal Revenue Service Rules Section 1.61-21(g). SIFL rates for the six-month period from Jan. 1, 2014, to June 30, 2014, are: 

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