of course
#Trump Admin Halts #IRS Crackdown on Major #TaxShelters
The #Treasury Department is rolling back efforts to shut down aggressive strategies used by America’s biggest multinational companies & wealthiest people.
#law #criminal #billionaires #plutocracy #oligarchy
https://www.nytimes.com/2025/09/09/business/trump-irs-tax-shelters.html?smid=nytcore-ios-share&referringSource=articleShare
Trump Administration Halts I.R.S. Crackdown on Major Tax Shelters
"The Trump administration is quietly dismantling efforts by the Internal Revenue Service to shut down a slew of aggressive tax shelters used by America’s biggest multinational companies and wealthiest people…
The I.R.S. crackdown was projected to raise more than $100 billion over 10 years."
Several issues can lead to IRS back taxes owed.
Read more 👉 https://lttr.ai/AiioY
Labor Department, IRS, ATF and Other Agencies Joined ICE in US’s Largest Raid
Over 500 officials participated, arresting 475 people. Witnesses say agents threatened and tear-gassed workers.Of 7,315 IRS employees fired for “performance” in early 2025, only 43 had documented issues. Over 3,500 were rated “fully successful” or better.
https://www.icij.org/news/2025/09/watchdog-report-finds-overwhelming-majority-of-irs-employees-fired-by-doge-for-performance-had-no-documented-issues/ #IRS #OPM #Federal #TreasuryDepartment
A new report from the Treasury Inspector General for Tax Administration notes that the termination letters were written for the agency by the OPM and its cuts failed to follow internal IRS procedures.
#StateDepartment Agents Are Now Working With #ICE on #Immigration
The State Department’s law enforcement arm is now involved in immigration enforcement, an area solidly outside its usual duties. One source compares it to #IRS agents investigating #espionage at #NASA.
https://www.wired.com/story/state-department-dss-agents-ice-immigration/
Enrolled agents are tax experts who have received permission from the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) in a variety of situations.
Read more 👉 https://lttr.ai/AiaIQ
#Drumpf bait & switch alleged #American service industry workers would have #NoTaxOnTips but reality is far more convoluted, with list of professions even applicable for promised #IRS #income edge not to be finalized until October...
So far it appears that perhaps far less than 2% of #AmericanWorkers are likely to finally file and qualify
In General : Great #Gratuity Grab via #BigBeautifulBill will likely only cover up to $20k, and becomes a #refund only if employers reported the worker’s tips ahead of tax day on a Form W-2 or 1099 — with a copy going to the #employee and the IRS. Plus excluded from deal are musicians, actors or anyone reporting making more than $150k a yr.
This article attempts to clarify other deets what workers expecting #TrumpTaxRefunds will need to know
https://www.cnbc.com/2025/07/18/trump-big-beautiful-bill-no-tax-on-tips.html