The Big Beautiful Bill Deep Dive: IRS Cuts, Tax Traps, and Your Money's Future

In this comprehensive episode of "Keep What's Yours," host Josh Gilbert and senior tax strategist Jeff Zufall break down the massive tax legislation known as the "Big Beautiful Bill" and its real-world impact on everyday taxpayers. They explore crucial topics including dividend taxation, inheritance rules, and the surprising tax implications of reinvested dividends that catch many investors off guard. The discussion takes a timely turn as they analyze the recent IRS staffing cuts under new director Billy Long, revealing how departments have been slashed by up to 95% and what this means for next year's tax season. From payment processing glitches affecting thousands of taxpayers to the Federal Reserve drama with Jerome Powell, Jeff provides insider knowledge on navigating an increasingly complex tax landscape. The episode also covers estate planning pitfalls, the step-up basis advantage for inherited assets, and even reveals bizarre Medicare loopholes involving Rolex watches. Whether you're dealing with dividend income, planning your estate, or simply trying to minimize your tax burden, this episode delivers actionable strategies to help you keep more of what you earn while avoiding costly mistakes in an era of reduced IRS customer service.

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New tracks tagged #irs payment problems