This week we look at:

• Proposed Inflation Reduction Act of 2022 - will it pass and what’s in it?

• Taxpayer told by court suit is being dismissed, must file 2020 income tax return to obtain economic impact payment not previously sent to taxpayer

• IRS Security Summit warns tax pros about significant security threats to taxpayer data in their systems

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

Copies of the articles for this week can be downloaded as a PDF below:

2022-08-01 Current Federal Tax Developments