Wednesday September 14, 2022 – Recently, our Government doubled the size with the Inflation Reduction Act. There have been assurances the IRS will not use this increase in power to target any American group.

Those assurances now ring hollow after Judicial Watch published the recently unsealed 2017 sworn depositions by Lois Lerner, then director of the Exempt Organizations Unit of the Internal Revenue Service and Holly Paz, her top aide and former IRS director of Office of Rulings and Agreements,

Judicial Watch found: “The unsealed Lerner and Paz deposition transcripts reveal through sworn testimony the bureaucratic tangle created by the Obama IRS to single out, delay and deny the processing of conservative, especially Tea Party non-profit groups’ applications for tax-exempt status and to disclose their donors’ names. At the same time, Paz admits under questioning that she knew from the beginning there was not sufficient legal basis to deny most of the targeted groups tax exempt status:”

Attorney Steven A. Leahy reviews the Judical Watch findings on Today’s Tax Talk.

Judicial Watch: Unsealed Depositions of Former Obama IRS Officials Lerner and Paz Detail Knowledge of Tea Party Targeting

https://www.foxnews.com/us/senate-republicans-protect-americans-earning-less-than-400k-irs-audits

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Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Tuesday September 13, 2022 – Cryptocurreny has taken a hit. The values have fallen and have not shown the ability to rebound.

With the fall in value, one year in, El Salvado’s Bitcoin experiment has been described as a “Spectacular Failure.” President Bukele’s promise of building :”Bit Coin City” has not materialized – and it doesn’t look as if it will be any time soon.

In addition, the promise of cryptocurrenies as antidotes to totalitarian governments and central banks has been shown, through international events, to fall short of that promise, And, may, in fact, assist as an instrument of tyranny.

Attorney Steven A. Leahy walks you through the Crypto jungle on Today’s Tax Talk.

https://cointelegraph.com/news/cryptocurrency-is-picking-up-as-an-instrument-for-tyranny

https://www.msn.com/en-us/money/markets/economist-el-salvadors-year-with-bitcoin-currency-has-been-spectacular-failure/ar-AA11KpPM

https://finance.yahoo.com/news/leading-cryptocurrency-company-coinflip-opens-160000638.html

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Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Monday September 12, 2022 – You may have heard, Queen Elizabeth II passed away. Generally, when someone passes, their estate is passed on to their family. And, often, there are tax ramifications – especially, with an estate the size of the Queen’s.

But, no. Not in this case. In 1993 Parliament passed a law exempts the king from paying taxes on property inherited from the passing of another monarch. In the United Kingdom, the inheritance tax is 40%, applicable to estates greater than $377,000.

Attorney Steven A. Leahy, reviews the tax implications, or lack thereor, to King Charles III upon the passing of his Mother on Today’s Tax Talk.

https://www.msn.com/en-us/lifestyle/lifestyle-buzz/here-s-why-king-charles-iii-will-not-pay-inheritance-taxes-on-a-750-million-property/ar-AA11K68j?ocid=anaheim-ntp-feeds&pc=U531&cvid=cfdc1868b24e485680574e0c02082543

https://www.axios.com/2022/09/11/king-charles-inheritance-tax-queen-elizabeth

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Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649