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Mailing Checks to the IRS? That Ends Sept 30, 2025

August 22, 2025 by Bill Bourbonnais

Big changes from the IRS: starting Sept 30, 2025, no more refund checks and no more mailing tax payments. Here’s how to get ready before this digital transition hits your wallet.

Filed Under: IRS, taxes Tagged With: compliance tips, digital IRS, Direct Pay, EFTPS, electronic tax payments, IRS 2025 updates, IRS deadlines, paper check refunds, refund delays, taxpayer alerts

Houston, We Have No Taxes

August 19, 2025 by Bill Bourbonnais

You know how you sometimes hear about highflying companies sending miserly tax checks to Uncle Sam? Well, buckle up — SpaceX might just be the star of that show. According to a New York Times exposé, SpaceX has privately told investors that because of a 2017 tweak to the Tax Cuts and Jobs Act, it may never have to pay federal income tax, even if they do succeed in helping mankind colonize Mars.

Filed Under: tax cuts and jobs act, taxes, TCJA Tagged With: 2017TaxReform, BusinessFinance, CashFlow, EntrepreneurTips, IRS, LegalLoopholes, NetOperatingLoss, SmallBusinessFinance, SpaceX, TaxCode, taxplanning, TaxStrategy

Houston, We Have a Tax Problem

August 12, 2025 by Bill Bourbonnais

The law has always had a problem with altitude. Here on Earth, we can draw neat little lines on a map and call them borders. We can assign them to taxing authorities and know who collects what. But the higher you go, the fuzzier things get. Airspace law is still a little like a neighborhood feud about where the fence belongs, except the “fence” is somewhere above the clouds. And if we can’t agree on who controls the sky, how do we decide who gets to tax outer space?

Filed Under: taxes Tagged With: AsteroidMining, FutureOfTax, InternationalTax, OuterSpaceLaw, SatelliteBusiness, SpaceEconomy, SpaceLaw, SpaceTax, taxpolicy, TaxStrategy

Donor Advised Fraud

August 6, 2025 by Bill Bourbonnais

Matthew Christopher Pietras played his part like a maestro in a Tom Ford tuxedo. He floated through New York’s glittering gala circuit, sponsoring opening nights at the Metropolitan Opera and the newly renovated Frick Collection, booking private jets like they were yellow cabs, and sprinkling six-figure “donations”as if he had an endless trust fund. To anyone watching, he was the charming young patron who had cracked the code to effortless wealth. He traveled in high society like he was born to it: with 60 friends in tow for opera night and a knack for name-dropping that would make a PR flack blush.

Filed Under: estate, taxes Tagged With: AuditRisk, CharitableDeductions, CharitableLimits, DonorAdvisedFraud, EmbezzlementTaxes, FraudIncome, HighSocietyScandal, IRSRules, NonprofitTaxRules, PhilanthropyAndFraud, TaxLaw, TaxScandal, taxtips, WeeklyTaxBeat

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

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