by Daniel Pilla | Aug 27, 2025 | PTT Featured Article
THE TREATMENT OF GAMBLING LOSSES UNDER THE OBBBAGamblers Face Tax Liabilities on Phantom Income Under Code section 61, gambling income is fully taxable. It has been forever. Code section 165(d) controls the extent to which gambling losses are deductible. The law...
by Daniel Pilla | Aug 18, 2025 | PTT Featured Article
THE NEFARIOUS JOHNSON AMENDMENT How the Government Bought the Silence of the Church in America There’s a provision of the Internal Revenue Code that has effectively bought the silence of the church in America. By that we mean that the law in question is responsible...
by Daniel Pilla | Jul 1, 2025 | PTT Featured Article
CURRENT STATUS OF IRS FORCE REDUCTIONS Are IRS Functions Now Crippled? Since President Trump began down-sizing federal agencies in earnest in March, the IRS has lost about 18,000 workers. These include both individuals taking the offer of early retirement, and the...
by Daniel Pilla | May 1, 2025 | PTT Featured Article
MISSISSIPPI TO ABOLISH ITS INDIVIDUAL INCOME TAX Will That Start the Dominos Falling? Mississippi Governor Tate Reeves knocked over the first in what I hope to be a long string of legal dominos. He signed House Bill 1, known as the “Build Up Mississippi Act,” which...
by Daniel Pilla | Apr 9, 2025 | PTT Featured Article
NEGOTIATION STRATEGIES FOR IRS RESOLUTION Lessons From High Stakes Diplomacy by Darrin Mish, Attorney at Law* Negotiation is an art—whether it’s between world leaders discussing international aid or a taxpayer seeking relief from the IRS. The recent breakdown in talks...
by Daniel Pilla | Feb 27, 2025 | PTT Featured Article
THE FAIR TAX ACT INTRODUCED IN CONGRESS H.R. 25 Would Replace the Income Tax In late January, the Fair Tax Act, H.R. 25, was introduced in Congress yet again. This time the bill’s chief author is Rep. Earl L. “Buddy” Carter (R-GA). The Fair Tax Act is a bill to...
by Daniel Pilla | Jan 23, 2025 | PTT Featured Article
WHO IS BILLY LONG? Ar A Brief Biography of Trump’s Nominee for IRS Commissioner On December 6, 2024, president-elect Trump announced that he would nominate Billy Long to the position of IRS Commissioner. So, who is Billy Long? Background Billy Long is a former...
by Daniel Pilla | Dec 12, 2024 | Urgent deadlines
Nine Simple Steps that Can Cut Taxes and Pain With the end of the year fast approaching, you’re probably wondering what you can do to cut your taxes. Remember: if you wait until April to start thinking about this, it’s just too late. Here are some ideas to get you...
by Daniel Pilla | Oct 8, 2024 | PTT Featured Article
THREE TRUMP TAX CUT IDEAS Are They Sound? As the 2024 presidential election cycle heats up, the candidates are throwing out a growing list of proposals designed (primarily) to attract voters. Democrats generally rely on the strategy of handing out government benefits...
by Daniel Pilla | Jul 29, 2024 | PTT Featured Article
THE REFILING OFA NOTICE OF FEDERAL TAX LIEN Does a Refiled Notice of Lien Give the IRS More Time to Collect? There is a great deal of confusion associated with the IRS’s Notice of Federal Tax Lien, Form 668. First, the notice creates confusion for citizens because...
