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WeeklyTaxBeat

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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