Major Tax Changes to Watch Out For

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We've all heard about the inflation reduction act which is basically deciding to bolster up the IRS' ability to squeeze more pennies out of Americans in an attempt to balance the budget of the federal government, and reduce inflation by sucking more money out of the economy. .. instead of just curtailing their own spending, which they'd never do.

But in this video, we're going to talk about 2 MAJOR THINGS that you want to watch out for in terms of taxes. Because this might impact you if you have a small business, or a side hustle.

Timecodes
0:00 Video Overview
0:40 Intro
0:48 Sponsor: MooMoo
3:22 Inflation Reduction Act Extends Break Limit
4:24 Federal Government Changing Report Requirements
7:25 IRS Hires New Agents For Audits
10:05 Outro

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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

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