Tax Court Approves Vehicle Deductions for Side Gig

by Ken Berry Do you client have a “side hustle” going on in addition to your full-time job? If you qualify, you may deduct certain expenses incurred by the self-employed business, including costs attributable to your vehicle. The recent...

2014 Standard Mileage Rates for Business, Medical and Moving Announced

WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the standard mileage...