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Tax Court Approves Vehicle Deductions for Side Gig

(Accounting Web) - The Tax Court recently found that it is indeed OK to deduct vehicle expenses related to a side-gig, as long as the filer follows strict rules.


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AICPA Demands IRS Pick up the Phone Faster for Tax Pros 
(Accounting Today) - The American Institute of CPAs wants the Internal Revenue Service to pick up the phone faster on its so-called Practitioner Priority Service for tax professionals and make other fixes, pointing to a "plummeting" level of service in recent years.

Mixed US Inflation Signs  
(AP) - Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices didn’t budge at all from June after 25 straight months of increases.

Taxation of Cryptocurrency Resources 
(The CPA Journal) - Individual taxpayers have probably noticed that they have been required to answer questions on Form 1040 about virtual currency transactions in recent years. The U.S. Congress has introduced, and in some cases passed, a variety of legislation addressing different aspects of cryptocurrency...

The 11 Most Expensive Cities in the U.S. 
(Kiplinger) - From metro areas on both coasts to the middle of the Pacific Ocean, these are the priciest cities in the U.S. to call home.

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