This week’s podcast focuses on the following items:
- BBBA fails to clear Congress before adjourning for the year and Senator Manchin states he is a no vote on this bill
- Mileage rates released by the IRS
- IRS updates automatic changes for small business accounting methods added by TCJA
- IRS publishes, with minimal changes, annual disclosure Revenue Procedure
You can listen to the podcast or view the video version.
Citations:
Mileage Rates for 2022 Released by IRS
Revenue Procedure 2022-9 – Changes to Automatic Accounting Method Change Relief
Revenue Procedure 2021-52 – Update for accuracy-related penalty disclosure guidance