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Tax and financial planning news from around the web: Oct. 24 – 28, 2022

Written on Oct 24, 2022

The IRS posted draft versions of the upcoming Schedule UTP form and instructions used by corporations to report uncertain tax positions in an effort to improve the forms' usefulness. 

The IRS has released dozens of inflation adjustments affecting individual income tax brackets, deductions and credits for 2023 and—no surprise—today’s four-decade high inflation has translated into some big hikes.