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Archives for July 2025

Truth, Justice, and Form 1099

July 29, 2025 by Bill Bourbonnais

Netflix’s top-streaming crime drama Untamed drops us into the breathtaking beauty of California’s Yosemite National Park. When a young woman is found murdered, a park investigator with a haunted past follows a web of secrets. Untamed blends mystery, memory, and Yellowstone grit in a slow-burn thriller where every clue leads deeper into darkness.

Filed Under: taxes Tagged With: 1099Income, 540NR, CaliforniaTaxRules, FederalIncomeTax, FranchiseTaxBoard, IRSWatchdog, NonresidentTax, RealLifeTaxStrategy, RewardIncome, TaxJustice, taxtips, TrueCrimeTax, WeeklyTaxBeat, YosemiteDrama

Sparks Just Got Pricey

July 22, 2025 by Bill Bourbonnais

By now you’ve seen the clip. A kiss cam at a Coldplay concert outside Boston zoomed in on a couple enjoying a night of yellow lights and “Viva La Vida.” Except it turns out they weren’t just anyone. They were both high-level execs at the same company. Both married. Just not to each other.

Filed Under: tax cuts and jobs act, taxes, TCJA Tagged With: Alimony, CarryoverBasis, ColdplayScandal, DivorceTaxStrategy, ExecutiveCompensation, IRSDrama, LegalFees, MaritalFinances, PublicScandal, taxplanning, taxtips, TCJA, WealthStrategy, WeeklyTaxBeat

The Devil’s in the Deductions-Digging Into the “Big Beautiful Bill”

July 8, 2025 by Bill Bourbonnais

You already know the highlights: the Big Beautiful Bill (BBB) is Congress’s latest effort to stuff 10 pounds of tax cuts into a five-pound bag. It locks in most of the 2017 Tax Cuts and Jobs Act. Marginal rates stay low. The standard deduction stays chunky. The qualified business income deduction lives to fight another day. Cue the confetti (and another round of Roth conversions while you’re at it).

Filed Under: taxes, TCJA Tagged With: 2025 tax law, Big Beautiful Bill, capital gains, gambling deductions, IRS, passive income, professional gambler, QSBS, startup taxes, Tax Cuts and Jobs Act, tax reform, tax savings, tax strategy, taxpolicy, taxrelief

The IRS Is Watching You

July 2, 2025 by Bill Bourbonnais

Let’s talk about something even scarier than an IRS audit: how much the IRS already knows about you, without even asking. And how that data isn’t just sitting quietly in a dusty government basement like the Ark of the Covenant in Raiders of the Lost Ark. It’s getting shared, sifted, and sometimes subpoenaed, all with implications for your privacy that go way beyond your W-2.

Filed Under: taxes Tagged With: 1099k reporting, audit defense, federal data exchange, financial surveillance, financial transparency, income reporting, irs data sharing, irs surveillance, proactive tax planning, tax audit protection, tax data privacy, taxpayer privacy

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