New Trump‑named Site to List IRA Providers, Likely Wasteful
If I read this correctly, the EO provides for a new website named after Trump to list and sort IRA providers to support a Biden-era subsidy to low-income earners. I suspect it will cost millions and fall short of a decent Claude Code product.
ERC Refund Extensions, Capital Gains Indexing, Donor Disclosure Updates
Tax News & Views Zippy ERC Refund Extension Roundup Taxpayer Advocate explains new ERC appeal extensions. Capital gain indexing back in play? Donor Disclosure in the courts. Zippers. Link in replies.
Denial of AI Risks Lawsuits for Professionals
Now we frequently see lawyers cited for using hallucinated citations in filings. Meanwhile malpractice suits are surely brewing that will ding professionals for not using AI tools to prevent their mistakes. Professionals in denial about AI tools will regret...
Farmers Exploit Loopholes to Dodge FICA, Celebrate Deduction
Mr. and Mrs. Farmer, enjoying coffee on their 320-acre $15,000 per acre-value farmstead, having never paid FICA tax because they used special farmer-only tax moves to minimize taxable income, celebrate their temporary $6,000 deduction. They earned it!
Allowing Foreign Carriers Would Prove True Competition
Exactly. If it were really about competition, they would allow foreign carriers to serve U.S. domestic routes.
IRS Returns, Tip Deductions, and Plant Tax Insights
Tax News & Views Appreciates Plants and Audit Risk Roundup "The IRS isn't going to catch me." IRS agents return from immigration assignments. Tip deduction rules. Tax policy perceptions. Plants. Link in replies.