May 1, 2026
In this episode:
- What IRS funding cuts actually mean in the real world, fewer audits, but slower responses and more frustration when you do need answers
- Why “audit rates are down” doesn’t mean you’re off the hook, and how AI-driven red flags are quietly replacing old-school enforcement
- The growing role of automation in tax processing, and how it’s leading to confusing notices, mismatched payments, and head-scratching letters
- Why you should never ignore a tax notice, even when it looks wrong, and how often they actually are
- New and finalized tax rules that could create real savings opportunities, especially for service-based businesses with tipped income
- A new 1% tax that could quietly affect personal cash transfers overseas starting in 2026
- Eye-opening tax data on who is actually paying the bulk of federal taxes, and what that means for business owners thinking about growth
- Hidden traps inside common entity structures, especially S corporations, that can trigger unexpected taxes if handled incorrectly
- Advanced planning strategies like micro captive insurance, where the upside is real, but so is the IRS scrutiny if you get it wrong
- What the lack of major tax law changes (for now) means for planning ahead, and why stability might actually be your biggest advantage going into the next couple of years