Tax Season Kickoff

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!SponsorsPadgett -  Contact Padgett or Email Jeff PhillipsGet NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Links mentioned in this episodeAccounting Today - The Year Ahead: Top challenges for 2023Chapters(00:00) - FedTax Episode 1 (00:21) - Introducing your hosts: Annie and Roger (01:24) - Opportunities and challenges for the upcoming tax season (02:38) - Inflation Reduction Act of 2022 (07:01) - Changes in tax brackets (07:55) - Updates on Standard Deduction (08:36) - Mileage rate changes for 2023 (11:52) - Employee Retention Credit opportunity still exists (21:00) - How COVID impacts the nexus state tax implications (21:39) - Talent issues within the accounting industry (23:12) - Emergence of "Quiet Quitting" (25:29) - Challenges in reporting K-2's and K-3's (30:06) - The problems that arise when reporting cryptocurrency (32:17) - Roger's thoughts on recent 1099 events (41:34) - Omnibus spending package Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPodfacebook.com/FedTaxPodlinkedin.com/showcase/fedtaxpodConnect with the Hosts on LinkedInRoger HarrisAnnie SchwabConnect with Padgettwww.padgettadvisors.comtwitter.com/PadgettUSAlinkedin.com/company/padgett-business-services/ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.