A consulting group that IRS commissioner pick Billy Long worked with to promote the troubled employee retention credit has been promoting other tax credits that the Treasury Department says don’t exist, according to marketing documents. btaxgo.com/mZ4zcQk

19 months for a very simple response to an ERC issue.... The IRS needs more funding.

Well I started a podcast called Traction with the Tiger. If you were looking for a tax and accounting firm podcast in the structure of an EOS L10 meeting then you are in for a treat. open.spotify.com/show/5uMUI6jD8…

The IRS's new FAQs about the ERC income tax effects will cause confusion. They are also a few years late. Read all about them in the latest edition of Tom Talks Taxes: loom.ly/VCv0vlM

Convert those IRAs to Roth!

The not-yet IRS commissioner Billy Long did peddle "tribal tax credits". These credits do not exist per IRS/Treasury. He was known to have promoted ERC, but he had not been directly linked to "tribal tax credits." Today White River confirmed his involvement in a press release.

NYT has the story in time for today's confirmation hearing. nytimes.com/2025/05/20/us/…

I’m at #AICPAEngage25 and I was too slow to make it into Tony Nitti’s session. I was forced into the overflow room and let me tell you it’s not quite as satisfying. I messed up gotta be better with my scheduling and speed walking.

Engage would not be complete without Elliot and Kush. Or is it Kush and Elliot? Either way it’s a must watch session every year. It’s not always about tax knowledge. It’s always about the dimension of possible.

Artificial intelligence has had a ton of hype, but how is it being used in accounting? This JournalofAccountancy article features 6 case studies of how accountants employ AI tools to transform their jobs. bit.ly/3TduRKm

Sec 70305 - business meals for certain fishing boats and fish processing facilities not subject to 50% limitation Sec 70306 - Sec 179 increased to $2.5M Back to back sections that hit juuuuust a little bit differently.

Join me this Thursday at the AICPA Town Hall! 🙂

Thanks @Ravenoustiger for joining me on this one! sprou.tt/1zDAIaRPb0t