Wednesday October 12, 2022 -Tax Evasion is a crime. Tax Avoidance is your duty, as an American (in my opinion).

Tax avoidance uses the tax code to reduce your total tax liability.

Tax Evasion is violating the law and/or hiding income to evade paying your lawful amount due.

Attorney Steven A. Leahy reviews the difference between Tax avoidance and Tax evasion.

https://www.forbes.com/advisor/taxes/tax-evasion-tax-avoidance/

https://gop-waysandmeans.house.gov/democrats-authorize-the-irs-to-bleed-americans-dry-with-no-accountability/

Tuesday October 11, 2022 – The Inter-Government battle continues. Which federal agency will win the right to regulate cryptocurrency?

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have brought action against crypto companies trying gain an advantage over the other in winning Congressional approval over which reglatory agency will reighn over the Crypto world.

Today Attorney Steven A. Leahy will explore if question: Is Cryptocurrency a security?

https://www.forbes.com/advisor/investing/sec-crypto-regulation/

Monday October 10, 2022 – Everyone knows Congress just voted to double the size of the IRS and increase funding by $80 Billion over the next tex years. But, what if the GOP takes Congress the November election. Will they fund the IRS expansion? Afterall, the GOP unanimously opposed the Inflation Reduction Act.

House GOP Leader Kevin McCarthy promised the first act of a new Republican majority would be to pass a bill repealing the new IRS expansion.

Is that good politics? Good policy? Or Both,. Attorney Steven A. Leahy looks at the GOP proposal on Today’s Tax Talk.

https://www.wsj.com/articles/gop-gains-in-congress-would-challenge-bidens-irs-expansion-11665266308

Wednesday October 5, 2022 – Repbulicans are warning voters of the massive increase in IRS budget and workforce. The IRS, aided by the Main Stream Media, is trying to lable this news as disinformaiton – clearly Republican Hyberbole.

The same misleading agruments are broght forth again. For example, the additional funds will simply be used to fill soon to be vacant employee spots due to retirement. Overlooking the fact that the current budget, without the increase, funds the replacements.

This channel has knocked down these strawmen on several other occassions. So, here we go again.

Attorney Steven A. Leahy takes on the challenge on Today’s Tax Talk.

https://www.wcax.com/2022/10/05/do-more-irs-agents-mean-youre-getting-audited/

https://www.cbsnews.com/news/republicans-87000-irs-agents-midterm-elections/

https://finance.yahoo.com/news/republicans-warning-army-87-000-025514524.html

https://www.foxbusiness.com/politics/sen-marshall-introduces-bills-designed-prevent-irs-overreach-following-agency-expansion