Prepare for big changes for the 2022 tax year - both with the IRS and here at ExpressIRSForms!
Check out the changes you’re likely to encounter:
2022 Tax Year Changes in Forms
|IRS Form W2 / 1099 Changes for 2022 Tax Year|
There are no significant changes in the Form w-2 form the previous year. The penalty for incorrect or late filing Form W-2 has been increased due to adjustment of inflation.
IRS has made several changes to Form 1099-MISC. Effective from the 2022 tax year, the check box to report the Foreign Account Tax Compliance Act (FATCA) filing requirement has been numbered Box 13. therefore, the old box 13-17 has been renumbered to 14-15.
Form 1099-INT was not substantially changed from the final 2021 version. The only change for the 2022 Form 1099-INT is the title of box 3: Interest on U.S. Savings Bonds and Treas. Obligations have now changed to Interest on U.S. Savings Bonds and Treasury obligations.
For the tax year 2022, the Foreign Account Tax Compliance Act (FATCA) filing requirement check box has now numbered 13. As the result, the older box 13-17 from Form 1099-DIV has been renumbered as 14-18 to accommodate this change.