Entries by Bitcoin

President Trump Removed IRS Commissioner Billy Long After Two Months Of Service. 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; but that service ended on August 8, 2025 when Trump announced Long being removed from […]

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

Focus: Casualty and Business Losses Deduction      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 end of 2025. […]

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

Focus: Interest on Car Loans Deduction     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 end of 2025. […]

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

Focus: Gambling Losses    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 end of 2025. The OBBBA has made […]

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 […]