What to be on the lookout for in 2023

Today on the Jeff Trapp Podcast we are bringing you a jam packed episode. So, whatever you're doing right now, stop and take some time to listen to Jeff discuss the tax changes we’ll be seeing here in 2023. For instance,  there is the Inflation Reduction Act that passed in August of 2022. Its purpose is to curb inflation, but it also bolstered the IRS with 80 billion dollars. So now we’re also looking at a beefed up IRS department with the funding they need to enforce tax laws. That means the IRS will have more resources to better scrutinize more business owners. The IRS is likely to look closer at things like crypto currency reporting, salaries, and distributions, syndicated conservation easements, and more. Which is why you need to be on the lookout. And if you would like to know what you need to watch out for this year, you’d better tune in. Be sure to like, subscribe, and share our podcast. If you liked what you heard, you can also sign up for our New Year's Masterclass Webinar happening January 19, 2023, at 11 AM CT. Register here: https://register.gotowebinar.com/register/7475620667477187161