ADMINISTRATIVE

Rev. Proc. 2004–64, page 898. Optional standard mileage rates. This procedure announces 40.5 cents as the optional rate for deducting or accounting for expenses for business use of an automobile, 14 cents as the optional rate for use of an automobile as a charitable contribution, and 15 cents as the optional rate for use of an automobile as a medical or moving expense for 2005. It provides rules for substantiating the deductible expenses of using an automobile for business, moving, medical, or charitable purposes. Rev. Proc. 2003–76 superseded.

Announcement 2004–97, page 957. This document contains corrections to Rev. Rul. 2003–84, 2003–32 I.R.B. 289 and 2003–2 C.B. 289, relating to regulated investment companies. Rev. Rul. 2003–84 corrected.

December 6, 2004 2004–49 I.R.B.