This week, on Tax Breaks, Forbes Senior Writer Kelly Phillips Erb explores the end of tax season, U.S. companies receiving a break on beneficial ownership information (BOI) reporting, and changes at the IRS and the Social Security Administration. She also delves into reporting last year's bonus pay, reveals tax filing season statistics and discusses the tax implications of Name, Image, and Likeness (NIL) income for college athletes.
Subscribe To The Tax Breaks Newsletter:
https://www.forbes.com/sites/kellyphillipserb/2025/03/29/tax-breaks-the-end-to-tax-season-is-just-around-the-corner-edition/
Arch Manning tax:
https://www.forbes.com/sites/nathangoldman/2025/03/24/arch-mannings-65-million-nil-valuation-includes-a-big-tax-advantage/
Italy social media/tax:
https://www.forbes.com/sites/andrewleahey/2025/03/26/italy-where-creating-a-social-media-account-may-be-a-taxable-event/
BOI reporting:
https://www.forbes.com/sites/kellyphillipserb/2025/03/23/revised-beneficial-ownership-information-boi-rule-exempts-us-companies-from-reporting/
Bisagnano hearing:
https://www.forbes.com/sites/kellyphillipserb/2025/03/26/senators-grill-nominee-as-fears-mount-over-threats-to-social-security/
SSA phone service change:
https://www.forbes.com/sites/kellyphillipserb/2025/03/26/social-security-changes-position-on-controversial-phone-service-cuts/
No more paper checks:
https://www.forbes.com/sites/kellyphillipserb/2025/03/28/next-up-for-social-security-and-the-irs-no-more-paper-checks/
IRS filing stats:
https://www.forbes.com/sites/kellyphillipserb/2025/03/26/irs-statistics-show-dip-in-taxpayer-filings-for-seventh-straight-week/
Billy Long nod:
https://www.forbes.com/sites/kellyphillipserb/2024/12/04/trump-picks-former-representative-billy-long-as-next-irs-commissioner/
IRS revolving door:
https://www.forbes.com/sites/kellyphillipserb/2025/03/06/rotating-doors-at-the-irs-as-another-new-acting-commissioner-takes-over/
Data security:
https://www.forbes.com/sites/kellyphillipserb/2025/02/20/irs-taxpayer-data-is-tightly-restricted-by-law-will-this-stop-trump-musk-and-doge-from-gaining-access/
SNAP:
https://www.forbes.com/sites/elainemaag/2025/03/27/irs-data-would-likely-be-unhelpful-when-validating-snap-eligibility/
Werfel Op-Ed:
https://news.bloombergtax.com/daily-tax-report/doge-getting-irs-data-like-giving-custodians-vault-keys-werfel
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