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

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This week’s developments are linked to below:

Revenue Procedure 2022-9 - Changes to Automatic Accounting Method Change Relief

Revenue Procedure 2021-52 - Update for accuracy-related penalty disclosure guidance