The U.S. IRS has issued an updated Publication 535, Business Expenses, dated 2 February 2023, which is for use in preparing 2022 returns. This publication discusses common business expenses and explains what is and is not deductible, including coverage of the general rules for deducting business expenses and specific expenses. As noted in the publication, Publication 535 will no longer be revised and published. The 2022 edition will be the final revision available. The updates for 2022 and 2023 include the following: --- What's New for 2022 The following items highlight some changes in the tax law for 2022. Form...