🧾 Could your taxes rise by $1,000–$2,000 a year? 🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
A majority of Americans say they can’t afford it if temporary provisions of the Tax Cuts and Jobs Act (TCJA) expire at the end of 2025.
Key findings: ✔️ 85% want the cuts made permanent or extended ✔️ Many were unaware the cuts were temporary ✔️ Simplicity in the tax code is a growing demand
The clock is ticking on major tax policy decisions!
Good news: If you meet certain IRS requirements, you may be able to exclude up to $250,000 of capital gains from income ($500,000 for married couples filing jointly).
✅ You must have owned and lived in the home for at least two years out of the last five years before the sale. ✅ This exclusion is only available for your main home — not second homes or investment properties. ❗ Losses on a home sale generally aren’t deductible.
Make sure you understand the IRS rules before filing! Learn more here: https://bit.ly/3GCMQqz
As Congress debates the future of tax reform, the Child Tax Credit (CTC) remains a major focus. Currently: ✅ Up to $2,000 per qualifying child under age 17 ✅ Partially refundable (15% of earned income above $2,500)
⚠️ Without congressional action, the CTC will drop to $1,000 per child starting in 2026.
Republican lawmakers have hinted that a tax reform package would "likely" include a CTC expansion — but no final decisions have been made yet. Families should monitor developments closely.
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
🚨 Digital asset owners — take note. 🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
The IRS treats digital assets like property, not currency. That means any gains or losses from buying, selling, or exchanging digital assets must be reported on your federal tax return.
Recently, an individual pleaded guilty to criminal charges after failing to report $13.1 million in sales of digital artwork ("Punks"). Despite profiting millions, he falsely answered “no” when asked about digital asset income on his tax return.
Now he faces: ⚖️ Up to 6 years in prison 💸 Significant fines
If you own, buy, or sell digital assets, make sure you're following IRS reporting rules.
Facing tax debt you can't pay? The IRS offers an option: an Offer in Compromise (OIC). 🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
An OIC may allow you to: ✅ Settle your debt for less than owed ✅ Pay over time under certain conditions
But beware of companies making big promises! Most OIC applications are denied, and scam artists are everywhere. Proceed with caution.
Learn how the legitimate process works ➡️ https://bit.ly/4jCJv9g
🌪️🔥 Spring and summer are peak seasons for natural disasters. Are your financial records secure? 🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
Take steps now to protect: ✅ Federal, state, and property tax records ✅ Insurance documents (home, auto, health) ✅ Mortgage and rental agreements ✅ Estate plans and asset purchase agreements ✅ Online access info for financial accounts
The IRS and FEMA recommend storing critical documents in the cloud or at a safe, off-site location.
For a complete disaster preparation checklist, visit ➡️ https://bit.ly/4jKYCgZ
The IRS has issued Notice 2025-22 to eliminate outdated notices and rulings. Meanwhile, the U.S. Treasury Department released a direct final rule targeting the removal of obsolete financial, banking, and procedural regulations.
◾ Stakeholders have until May 15, 2025, to comment. ◾ If no “significant adverse comments” are received, changes will go into effect on June 16, 2025. These actions aim to simplify compliance, modernize tax and financial administration, and reduce regulatory burdens.
Learn more here ➡️ https://bit.ly/3RYTcDb
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
🚨 The IRS Whistleblower Office (WBO) has released its first-ever multi-year operating plan! 🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
Key highlights:
⬛ 6 strategic priorities, including improving the claim submission process and maximizing the value of whistleblower information ⬛ Focus on advancing investigations and data analytics ⬛ Since 2007, the WBO has helped the IRS collect over $7 billion and awarded $1.3 billion to whistleblowers
🚨 The IRS has named Deputy Treasury Secretary Michael Faulkender as its new acting commissioner—the fourth leadership change at the agency in just three months.
Here's the timeline: 🟥 January: IRS Commissioner Danny Werfel resigns 🟥 February: Doug O’Donnell steps in and retires after one month 🟥 March: Melanie Krause becomes acting commissioner, leaves after two months 🟥 April: Gary Shapley briefly takes over, replaced after less than a week
President Trump’s permanent pick for IRS Commissioner is still awaiting Senate confirmation. The leadership instability comes at a critical time for the agency as it deals with staffing cuts and policy changes.
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor #IRS#TaxNews#LeadershipChanges#GovernmentUpdates#TrumpAdministration
TaxProWorld
🧾 Could your taxes rise by $1,000–$2,000 a year?
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
A majority of Americans say they can’t afford it if temporary provisions of the Tax Cuts and Jobs Act (TCJA) expire at the end of 2025.
Key findings:
✔️ 85% want the cuts made permanent or extended
✔️ Many were unaware the cuts were temporary
✔️ Simplicity in the tax code is a growing demand
The clock is ticking on major tax policy decisions!
#TaxRelief #MiddleClassFinance #SurveyInsights #TaxReform
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🌟 Are You a Volunteer?
Your time isn’t tax-deductible, but some expenses may be if you itemize deductions.
Eligible expenses can include:
✅ Airfare and lodging for primarily charitable trips
✅ Mileage driven for volunteer duties
✅ Meals while volunteering
Required uniforms or clothing
❗ Travel expenses aren’t deductible if the trip combines charity with significant leisure or lobbying.
Good recordkeeping is essential to claim these deductions!
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
#CharityWork #TaxDeductions #VolunteerExpenses #FinancialPlanning #IRSUpdates
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🏡 Sold Your Home Recently?
Good news: If you meet certain IRS requirements, you may be able to exclude up to $250,000 of capital gains from income ($500,000 for married couples filing jointly).
✅ You must have owned and lived in the home for at least two years out of the last five years before the sale.
✅ This exclusion is only available for your main home — not second homes or investment properties.
❗ Losses on a home sale generally aren’t deductible.
Make sure you understand the IRS rules before filing!
Learn more here: https://bit.ly/3GCMQqz
#HomeSale #CapitalGains #TaxExclusion #RealEstateTax #IRSUpdates #FinancialPlanning
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
👨👩👧👦 Child Tax Credit Update:
As Congress debates the future of tax reform, the Child Tax Credit (CTC) remains a major focus.
Currently:
✅ Up to $2,000 per qualifying child under age 17
✅ Partially refundable (15% of earned income above $2,500)
⚠️ Without congressional action, the CTC will drop to $1,000 per child starting in 2026.
Republican lawmakers have hinted that a tax reform package would "likely" include a CTC expansion — but no final decisions have been made yet. Families should monitor developments closely.
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
#ChildTaxCredit #TaxPolicy #FamilyFinance #TaxReform #TaxStrategy
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🚨 Digital asset owners — take note.
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
The IRS treats digital assets like property, not currency. That means any gains or losses from buying, selling, or exchanging digital assets must be reported on your federal tax return.
Recently, an individual pleaded guilty to criminal charges after failing to report $13.1 million in sales of digital artwork ("Punks"). Despite profiting millions, he falsely answered “no” when asked about digital asset income on his tax return.
Now he faces:
⚖️ Up to 6 years in prison
💸 Significant fines
If you own, buy, or sell digital assets, make sure you're following IRS reporting rules.
#CryptoTax #IRSCompliance #TaxEnforcement #DigitalAssets
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
Facing tax debt you can't pay? The IRS offers an option: an Offer in Compromise (OIC).
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
An OIC may allow you to:
✅ Settle your debt for less than owed
✅ Pay over time under certain conditions
But beware of companies making big promises! Most OIC applications are denied, and scam artists are everywhere. Proceed with caution.
Learn how the legitimate process works ➡️ https://bit.ly/4jCJv9g
#TaxResolution #DebtSettlement #FinancialRelief #IRS
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🌪️🔥 Spring and summer are peak seasons for natural disasters. Are your financial records secure?
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
Take steps now to protect:
✅ Federal, state, and property tax records
✅ Insurance documents (home, auto, health)
✅ Mortgage and rental agreements
✅ Estate plans and asset purchase agreements
✅ Online access info for financial accounts
The IRS and FEMA recommend storing critical documents in the cloud or at a safe, off-site location.
For a complete disaster preparation checklist, visit ➡️ https://bit.ly/4jKYCgZ
#DisasterPreparedness #FinancialSecurity #TaxRecords #FEMA
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🚨 Regulatory overhaul alert!
The IRS has issued Notice 2025-22 to eliminate outdated notices and rulings. Meanwhile, the U.S. Treasury Department released a direct final rule targeting the removal of obsolete financial, banking, and procedural regulations.
◾ Stakeholders have until May 15, 2025, to comment.
◾ If no “significant adverse comments” are received, changes will go into effect on June 16, 2025.
These actions aim to simplify compliance, modernize tax and financial administration, and reduce regulatory burdens.
Learn more here ➡️ https://bit.ly/3RYTcDb
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
#IRS #TreasuryDepartment #RegulatoryReform #FederalUpdates #TaxCompliance
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🚨 The IRS Whistleblower Office (WBO) has released its first-ever multi-year operating plan!
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
Key highlights:
⬛ 6 strategic priorities, including improving the claim submission process and maximizing the value of whistleblower information
⬛ Focus on advancing investigations and data analytics
⬛ Since 2007, the WBO has helped the IRS collect over $7 billion and awarded $1.3 billion to whistleblowers
The WBO’s efforts are crucial for ensuring tax compliance and uncovering serious noncompliance.
Learn more about the new strategic plan here ➡️ https://bit.ly/4iw8B91
#IRS #Whistleblower #TaxCompliance #TaxNews #GovernmentUpdates
5 months ago | [YT] | 0
View 0 replies
TaxProWorld
🚨 The IRS has named Deputy Treasury Secretary Michael Faulkender as its new acting commissioner—the fourth leadership change at the agency in just three months.
Here's the timeline:
🟥 January: IRS Commissioner Danny Werfel resigns
🟥 February: Doug O’Donnell steps in and retires after one month
🟥 March: Melanie Krause becomes acting commissioner, leaves after two months
🟥 April: Gary Shapley briefly takes over, replaced after less than a week
President Trump’s permanent pick for IRS Commissioner is still awaiting Senate confirmation. The leadership instability comes at a critical time for the agency as it deals with staffing cuts and policy changes.
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
#IRS #TaxNews #LeadershipChanges #GovernmentUpdates #TrumpAdministration
5 months ago | [YT] | 0
View 0 replies
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