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<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>Please
be advised of yesterday’s announcement from the IRS regarding an increase
in the business mileage rate for miles driven after July 1, 2008. Let us
know if you have questions.<o:p></o:p></span></font></p>
<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>Due
to rising gas prices, the mileage rate will increase by eight cents to 58.5
cents a mile for all business miles driven from July 1 through Dec. 31, 2008.
The new rate for computing deductible medical or moving expenses will also
increase by eight cents to 27 cents a mile. The rate for providing services for
charitable organizations is set by statute, not the IRS, and remains at 14
cents a mile. See news release <a
href="http://www.irs.gov/newsroom/article/0,,id=184163,00.html"
title="http://www.irs.gov/newsroom/article/0,,id=184163,00.html"><font
face="Times New Roman"><span style='font-family:"Times New Roman"'>IR-2008-82</span></font></a>
and <a href="http://www.irs.gov/pub/irs-drop/a-08-63.pdf"
title="http://www.irs.gov/pub/irs-drop/a-08-63.pdf"><font face="Times New Roman"><span
style='font-family:"Times New Roman"'>Announcement 2008-63</span></font></a>. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Christine<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>Christine Dodson, CPA,
MBA</span></font></i></b><b><i><font size=1><span style='font-size:9.0pt;
font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>Conference <st1:PersonName
w:st="on">Treasurer</st1:PersonName></span></font></i></b><b><i><font size=1><span
style='font-size:9.0pt;font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>NC Conference/United <st1:place
w:st="on"><st1:PlaceName w:st="on">Methodist</st1:PlaceName> <st1:PlaceType
w:st="on">Church</st1:PlaceType></st1:place></span></font></i></b><b><i><font
size=1><span style='font-size:9.0pt;font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>(919) 832-9560</span></font></i></b><b><i><font
size=1><span style='font-size:9.0pt;font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
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12.0pt'><o:p> </o:p></span></font></p>
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