WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

 

* Congratulations to Russ Fox on the 20^th Anniversary of his blog TAXABLE TALK – “20 Years Ago Today . . .”

* The latest in the BOI saga – “FinCEN Extends Beneficial Ownership Information Reporting Deadline by 30 Days; Announces Intention to Revise Reporting Rule”.

“With the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336(E.D. Tex.), beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect.”

* The damage of the Trump/Musk Administration has hit the IRS.  Michael Cohen tells us “IRS lays off thousands of employees” at ACCOUNTING TODAY -

“The threatened layoffs of Internal Revenue Service employees appeared to be underway Thursday, with estimates of between 6,000 and 7,000 employees being laid off at the agency in the middle of tax-filing season.”

* And at FORBES.COM Howard Gleckman warns “How DOGE’s Access To IRS Data Puts Taxpayer Information At Risk” (highlight is mine) -

“The Trump Administration’s Department of Government Efficiency has pressed the IRS for permission to access individual tax return information of U.S. households and businesses. While the DOGE team says it needs taxpayer data to search out ‘waste, fraud, and abuse, such a move puts at risk deeply personal information on more than 150 million tax filers, with no clear benefit.”

The only true “waste, fraud, and abuse” is by Trump and his cabinet of incompetent, unqualified, and inappropriate arse and ring kissers.

THE LAST WORD

Here is a quote from Prof Jim Maule’s MAULED AGAIN post “Tax Rates -- Just Two Generations Ago” -

“It's a wonder what the lack of education cand do to a person. It's also a wonder what a bad education can do to a person. What's sad is what it does to everyone else.”

It is truly sad that a lack of education, or poor education, put a deplorable and despicable, crooked and corrupt, ignorant and incompetent demagogue who is intent on destroying American democracy and true American values in the White House!

TTFN