January Update from Internal Revenue Service (IRS) for Business Owners

Please see the following newsletter from IRS for small business owners for January 2023.

►Hot Off the Press:

  • More news about 1099-K rules. Check here for continuing updates: Form 1099-K Frequently Asked Questions: General | Internal Revenue Service (irs.gov)
  • IR 2022-226 – IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K
  • IR-2022-234 – IRS issues standard mileage rates for 2023; business use increases 3 cents per mile
  • IR-2022-231 – IRS releases frequently asked questions about clean vehicles credits for new, previously owned and commercial clean vehicles
  • IR-2022-225 – IRS releases frequently asked questions about energy efficient home improvements and residential clean energy property credits

►Upcoming Webinars and Events

►New Tax Tips

  • Connect to the IRS social media and e-news subscriptions for tax time tips and resources English | Spanish
  • TIGTA Report – Backlogs of Tax Returns and Other Account Work Will Continue Into the 2023 Filing Season

► Cybersecurity and ID Theft News

► IRS YouTube Channel 

►IRS.gov & Additional Resources