Again with the reconciliations? In the same vein as covid era advance child tax credits, EIP stimulus # 1, EIP stimulus # 2, EIP stimulus # 3.. We may have to have another round of clients claiming they did not receive theirs new 2025 potential rebate checks and returns get rejected or changed.(nothing political here.. just commenting on how this impacts tax prep)
https://www.dailymail.co.uk/news/article-14954873/american-families-rebate-trump-tariffs.html
yes, from dailymail.. they beat many other news sites to the punch and have become a juggenaut in online news
Bloomberg had this story five days ago (probably behind its paywall).
“July 25, 2025 at 7:01 AM MST – President Donald Trump said he is considering sending rebate checks to Americans using revenue from tariff increases his administration is imposing on US trading partners.”
Then AL.com (yes, the Alabama news site where the Daily Mail gets many of its tips) had it Monday:
“Could stimulus checks be headed back into American wallets? President Donald Trump said he’s considering paying rebates to U.S. taxpayers with revenue generated from billions of dollars coming from tariffs on imports from foreign countries.”
CBS News had the story five days ago.
https://www.cbsnews.com/news/trump-rebate-checks-tariff-revenue-debt/
So did Fox News, but I couldn’t find a link to it, just a mention of it by a Washington Post columnist this morning.
Should journalists report every pie-in-the-sky campaign promise that comes along, when it’s not even an election year? Maybe. What concerns me more is that there is little reporting of the $250 fee for every tourist visa for everyone from any continent that is not predominantly white. That is actually in the law now, and stabbing the travel industry near the heart. Supposedly the fee is (at least partially) refundable when travelers behave and return home. Try to figure out how that’s going to be implemented.
Try to figure out how that’s going to be implemented.
In the same vein, we are now the ones responsible for figuring it out, per the IRS
Staff cuts at the IRS could mean tax professionals become more responsible for explaining the provisions of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act (OBBBA), a former IRS communications chief said during AICPA Town Hall last week.Staff cuts at the IRS could mean tax professionals become more responsible for explaining the provisions of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act (OBBBA), a former IRS communications chief said during AICPA Town Hall last week.
So, whose side are you on? The President, or the Republicans? And why is Government Executive the only publication reporting on this:
"While the White House is hoping to bring on thousands of additional customer service representatives to answer the 100 million phone calls IRS receives every year and attend to taxpayers who frequent in-person assistance facilities, House Republicans have so far rejected that vision.
The caucus has fought for the last several years to dramatically reduce the IRS workforce after President Biden ushered in a hiring spree using a surge of funding provided in the Inflation Reduction Act. The Trump administration has successfully pushed 25,000 employees out of the agency, but now is warning of dire consequences if it does not hire a significant portion of them back.
The Trump administration in its fiscal 2026 budget proposal requested a 31% funding increase for the IRS’ Taxpayer Services division to hire 11,000 employees, a nearly 50% staffing increase. It warned that without such an investment, IRS would see its level of service to taxpayers seeking assistance drop from 85% during the 2025 tax filing season to just 16% in 2026. IRS significantly staffed up its customer service representative force over the last few years using funding from the IRA.
The Fiscal 2026 Financial Services and General Government appropriations bill, which sets funding levels for IRS, would keep funding for Taxpayer Services flat at $2.8 billion, ignoring the $853 million boost Trump requested."
"from any continent that is not predominantly white"
So, Greenland is the exception? It's white. The rest are green and brown and red and yellow and blue and all sorts of colors.
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