T accounting period used and effective date of the change in

law, this change may have been fully applicable for some corporations, only partially applicable for several others, or not applicable at all for the rest.

The following changes affect the comparability of the relevant statistics in this report with those of prior years:

Inflation Reduction Act (IRA)

The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. It was implemented with the goals of reducing inflation and the federal deficit, lowering prescription drug prices, and investing in domestic energy production and clean energy.

Changes to Form 4562, Depreciation and Amortization

This form is used when a taxpayer needs to claim depreciation, amortization, or Section 179 deductions on a tax return. For tax years beginning in 2022 the Section 179