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Amendment To Omnibus Bill Proposes Raising Limit For Issuing Form 1099-K

(Forbes) - He expects the cost to small businesses (and regular taxpayers) for the associated administrative compliance (including resolving CP2000 matching notices) could get big, especially if a large volume of the new forms are incorrect.



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Treasury Sets Tight Deadline for Getting Out Guidance on Inflation Reduction Act Tax Provisions 
(CPA Practice Advisor) - Before year’s end, Treasury said it will release information on the tax provisions contained in the legislation.


The Whack-a-mole Economy: U.S. Manufacturers Struggle with Unpredictable Supplies 
(Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week. But when he called on Thursday to check the status of the order, he learned the shipment - coming from Italy - is now delayed three months.


2023 Brings Lots of New to the IRS While Keeping One Problem: Backlogs 
(JofA) - The new year promises many changes for the IRS, including a new commissioner (nominated, at least) and billions of dollars to spend with just two months left to develop a plan for spending it. And one big and old problem: a backlog of mail and...


Stop Using Your Phone as a Flashlight 
(How-to-Geek) - In the past we’ve strongly recommended you stop using flashlight apps on your phone. I’ll take that a step further and recommend you stop, in most instances, using the flashlight altogether. I won’t pretend that I never use my phone flashlight...


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