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).
The IRS Is Watching You
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.
The Influencer Who Influenced a $23 Million Lie
f you’ve ever scrolled past a social media ad promising “guaranteed 30% returns” and thought, Wow, that’s either genius or illegal—congratulations, your spidey sense is working. Because in the case of Columbus-based finance influencer Tyler Bossetti, it turns out it was both, until the IRS, the SEC, and a federal grand jury all chimed in with a very firm “Nope.”
California Dreamin’
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.
Blimey!
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.
Not Just Lipstick on a Pig
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.