2022-12-27 IRS Delays Expanded Form 1099 K Reporting Requirements

This week we look at:

• Congress passes spending bill which included SECURE 2.0 Act of 2022

• Final Schedules K-2 and K-3 instructions issued for Form 1120S

• IRS delays digital asset reporting until regulations are issued

• Expanded Form 1099-K reporting delayed for one year by the IRS

An audio only version of this week’s update can be streamed or downloaded via the links below:

Articles on this week’s update can be downloaded as a PDF below:

2022-12-27 Current Federal Tax Developments