Kick off tax season with the Inflation Reduction Act of 2022, the Employee Retention Credit, K-2s and K-3s, the latest 1099s changes, and updates to tax brackets, standard deductions, and mileage rates. Join Roger and Annie for this premier episode of Federal Tax Updates!



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Links mentioned in this episode
Accounting Today - The Year Ahead: Top challenges for 2023

Chapters

• (00:00) - FedTax Episode 1
• (00:52) - Introducing your hosts: Annie and Roger
• (01:55) - Opportunities and challenges for the upcoming tax season
• (03:09) - Inflation Reduction Act of 2022
• (07:32) - Changes in tax brackets
• (08:26) - Updates on Standard Deduction
• (09:07) - Mileage rate changes for 2023
• (12:23) - Employee Retention Credit opportunity still exists
• (21:31) - How COVID impacts the nexus state tax implications
• (22:10) - Talent issues within the accounting industry
• (24:26) - Emergence of "Quiet Quitting"
• (26:43) - Challenges in reporting K-2's and K-3's
• (31:20) - The problems that arise when reporting cryptocurrency
• (33:31) - Roger's thoughts on recent 1099 events
• (42:48) - Omnibus spending package

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Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Connect with Padgett
www.padgettadvisors.com
twitter.com/PadgettUSA
linkedin.com/company/padgett-business-services/

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