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2021 Tax Deductions for Self-Employed Business Vehicles

(CPA Practice Advisor) - Generally, you can claim deductions for vehicle expenses as a self-employed taxpayer, but there are a few twists and turns along the way. Notably, the tax law includes several “speed limits” that can affect your write-offs.



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IRS Didn’t Spot $20.6M in Bogus Nonresident Tax Refunds 
(Accounting Today) - A review of 2018 tax returns found 8,332 individual international tax returns filed with potentially erroneous or fraudulent refunds totaling nearly $20.6 million that weren’t identified by the IRS.


Fed Chair Powell to Warn Congress That Inflation Pressures Could Last longer Than Expected 
(CNBC) - Inflation is elevated and will likely remain so in coming months before moderating, Powell said. As the economy continues to reopen and spending rebounds...


Use Your TV as a Computer Monitor: Everything You Need to Know 
(PC World) - Will that big, sexy screen look as good on your desk as it does in your living room? Let's dig into the specifics of using an HDTV with your PC.


Final Regulations Establish a User Fee for Estate Tax Closing Letters 
(JofA) - The letters, which the IRS provides as a courtesy to executors and other authorized estate representatives, will now cost $67.


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