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California Dreamin’

June 17, 2025 by Bill Bourbonnais

California Governor Gavin Newsom has been playing “David versus Goliath” with President Donald Trump, especially as Trump has ordered troops into Los Angeles to quell protests against his immigration raids. Now Newsom has floated a wild idea: what if California stopped sending money to the IRS?

Yes, you read that right. The head of the fifth-largest economy in the world — home of tech bros, movie stars, and $12 oat milk lattes — is making noises about withholding federal tax revenue.

Filed Under: taxes Tagged With: CaliforniaTaxes, DonorStates, FederalWithholding, GavinNewsom, IRS, OverpayingTaxes, SacramentoPolitics, StateVsFederal, tax, tax savings, tax strategy, taxes, taxnews, taxplanning, taxpolicy, TaxReform

Blimey!

June 11, 2025 by Bill Bourbonnais

It’s official—London has lost its sparkle for the super-rich. The same billionaires who once descended on Mayfair like it was Monaco-on-Thames are now packing their bags, selling their townhouses, and swapping their G-Wagons for Gulfstreams. Why? Because Britain’s decided to go poking around their trust funds like a nosy neighbor with a flashlight.

Filed Under: taxes Tagged With: billionaires, expat tax, global tax, international tax, non-dom, offshore trusts, tax planning, tax reform, tax strategy, UK tax, wealth management

Not Just Lipstick on a Pig

June 4, 2025 by Bill Bourbonnais

Hailey Bieber – daughter of actor Stephen Baldwin and wife of singer Justin Bieber – just proved she’s more than another nepo baby with a serum line. Today she’s a full-blown tax case study with a side of moisturizer! In a deal that left beauty insiders and financial planners equally slack-jawed, she sold her skincare brand, Rhode, to e.l.f. Beauty for $1.1 billion. The press called it iconic. Wall Street called it synergistic. And the IRS? They called dibs.

Filed Under: taxes Tagged With: BillionDollarExit, BusinessExitStrategy, CapitalGains, CelebrityTax, EntrepreneurFinance, HaileyBieber, QSBS, TaxHumor, taxplanning, TaxPros, taxtips

Transition Planning

May 29, 2025 by Bill Bourbonnais

Retirement Deserves a Strategy, Not a Guess Life rarely follows a straight path. It’s full of transitions—some expected, others surprising. Career changes, marriage, divorce, inheritance, the birth of a child, or the passing of a loved one—each event has the power to reshape your financial picture in significant ways. Among these transitions, retirement is arguably […]

Filed Under: Retirement Tagged With: RetirementPlanning, RetirementStrategy, RetireSmarter

Occupation: Pope

May 28, 2025 by Bill Bourbonnais

Pope Leo XIV will assume all sorts of duties as he moves into his new role as His Holiness. He’ll lead weekly masses and celebrations. He’ll preside over religious observances like Christmas and Easter. He’ll travel the world to promote peace, dialogue, and humanitarian causes. He’ll meet with bishops, cardinals, and Vatican officials in his role as sovereign of the Vatican City. And, for the first time ever, he’ll file a Form 1040 with the IRS. Or will he?

Filed Under: taxes Tagged With: AugustinianVow, BlogPost, CatholicHumor, ClergyTaxRules, EnrolledAgent, FaithAndFinance, ForeignEarnedIncomeExclusion, InternationalTax, IRSForm1040, PopeLeoXIV, TaxAdvisor, TaxCodeTalk, TaxHumor, taxplanning, TaxPros, TaxStrategy, VaticanTaxes, WhiteSmokeAndRedInk

May the Force Be with You

May 20, 2025 by Bill Bourbonnais

Hard to believe it is, but taxes lie at the heart of the Star Wars universe. In Episode One: The Phantom Menace, in the very first paragraph of the opening crawl, we learned that taxation of trade routes to outlying star systems was in dispute. The Galactic Senate had imposed taxes to fight interplanetary pirates, and in response, the Trade Foundation had blockaded shipping to Naboo to pressure the Senate into repealing those taxes. The Supreme Chancellor dispatched two Jedi Knights to resolve the dispute… and the adventure began!

Filed Under: taxes Tagged With: JediTaxTips, MayTheTaxForceBeWithYoui, StarWarsTax, TalkLikeYodaDay, tax, tax savings, tax strategy, taxes, taxpolicy, taxrelief

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