This week we look at:

• 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

This week’s developments are linked to below:

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