Entries by Bitcoin

One Big Beautiful Bill Tax Act – How Can You Benefit?

Focus: Taxability Of Social Security Benefits and Tax Deduction For Seniors   On July 4, 2025 President Donald J. Trump signed into law H.R.1 – One Big Beautiful Bill Act (“OBBBA”).  OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into law in 2017, which were originally set to expire […]

One Big Beautiful Bill Tax Act – How Can You Benefit?

Focus: Deduction For Tips and Overtime Earnings From Income Tax On July 4, 2025 President Donald J. Trump signed into law H.R.1 – One Big Beautiful Bill Act (“OBBBA”).  OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into law in 2017, which were originally set to expire at the […]

One Big Beautiful Bill Tax Act – How Can You Benefit?

Focus: Getting The Most Of The Increase In Deduction For State And Local Taxes On July 4, 2025 President Donald J. Trump signed into law H.R.1 – One Big Beautiful Bill Act (“OBBBA”).  OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into law in 2017, which were originally set to […]

Senate Confirms Trump’s Pick For IRS Commissioner – Billy Long. What Could This Mean To The Future Of IRS Tax Enforcement?

On June 12, 2025, the Senate confirmed President Donald Trump’s nomination of former U.S. Rep. Billy Long of Missouri to be Internal Revenue Service commissioner, clearing the path for him to begin a term that will end in November 2027. While the waiting for the Senate to confirm Billy Long, President Trump had promoted Gary […]

How Can The Reductions In IRS Workforce Impact You?

As we all have to file tax returns, pay taxes and be subject to enforcement of the tax laws, now is the time to prepare and seize opportunities to save. Reductions In IRS Workforce Since January 2025, there have been several executive orders to reduce the size of the federal workforce. According to a report […]

Trump’s Pick For Acting IRS Commissioner – Michael Faulkender. What Could This Mean To The Future Of IRS Tax Enforcement?

While President Trump’s nominee, former U.S. Representative Billy Long of Missouri, to head the IRS is waiting for approval by the Senate, President Trump had promoted Gary Shapley as the new acting IRS Commissioner replacing Melanie Krause, who resigned from her role as acting IRS commissioner over a deal to share immigrants’ tax data with […]

Trump’s Pick For Acting IRS Commissioner – Gary Shapley. What Could This Mean To The Future Of IRS Tax Enforcement?

While President Trump’s nominee, former U.S. Representative Billy Long of Missouri, to head the IRS is waiting for approval by the Senate, President Trump is reportedly planning to promote Gary Shapley as the new acting IRS Commissioner replacing Melanie Krause, who resigned from her role as acting IRS commissioner over a deal to share immigrants’ […]

The Threat Of Harvard’s Revocation Of Tax Exemption Status – What Should Other Non-Profit Organizations Learn From This?

With all the publicity on Harvard University’s continued tax exemption status, any Non-Profit Organization including churches and charities should be aware of their filing and operational obligations to insure preservation of their tax exempt status. A section 501(c)(3) organization will jeopardize its exemption if it ceases to be operated exclusively for exempt purposes. An organization […]

Florida Woman Pleads Guilty to Conspiring with Family to Hide from the IRS More than $90M In Offshore Bank Accounts

As reported by the Department Of Justice (“DOJ”) in a press release issued March 10, 2025, Gilda Rosenberg, of Golden Beach, Florida pleaded guilty to conspiring to defraud the United States by, among other things, concealing tens of millions of dollars in undeclared foreign financial accounts, filing false tax returns, and evading taxes. The DOJ […]