Overview 2.0 Credits ONLINE Get essential tax updates from the popular instructor and tax guru Art Auerbach, CPA, in the monthly tax webinar series.
Major Topics Secure Act 2.0, part of the Omnibus Spending Package. Effective date 12/29/22 Update on credits from the Inflation Reductions Act of 2022. Effective date (08/16/22) New mileage rates for 2023. Suspension of lower amount for the Form 1099-K, for one year. Additional information regarding the specified research and experimentation expenditures. Issues regarding the employment of relatives. Reminder concerning real estate professionals. Third party recordkeeper issue goes to the U.S. Supreme Court. See JCX-1-22, since for the second straight year, Congress did not enact an extenders bill. What is new for Form 1040 for this busy season. Significant changes to the Form 941 of the first quarter of 2023. Some filing changes to note. Reminder regarding the Corporate Transparency Act. More as time permits.
