Focused on small businesses, primarily discuss s-corporation and partnership tax matters related to the ever-increasing IRS disclosure requirements pertaining to pass-through entity tax and at-risk basis, foreign reporting on Schedules K-2 and K-3, passive activities and additional areas that could be leading to new IRS audit tactics. Also, beyond the headlines, the Inflation Reduction Act, Secure Act 2.0, and the most controversial area of the expired Employee Retention Credit will be covered.