The Tax Man Gets Punched in the Metaphorical Face with New Bill Signed Into Law

When there is bipartisan agreement that the tax man needs to be taxed in his effort, or her, in the event the tax woman is a woman, well, one must ask oneself if it is political Christmas.  That’s just what appears to have taken place so, if you’re a bit on the wrong side of the tax woman, or tax man, if you happen to be a man who is a tax man, you might give out a bit of a Bronx Cheer to the IRS handlers, the congress and the President of the United States of mother freaking America (insert obligated internal humming of the Beatles song, The Taxman, here).

NewsPost Link:

Trump Signs Law Making It Harder for IRS to Seize Money From Americans
1 July 2019 | 10:33 pm

The Daily Signal -President Donald Trump signed a bipartisan bill Monday to force greater accountability on the IRS in the property seizures, as well as protect taxpayers from identity theft, boost whistleblower protections, and modernize the tax agency.

“We just finished signing, the important signing, of the Taxpayer First bill, the IRS Taxpayer First, which is a tremendous thing for our citizens having to deal with the IRS,” Trump told reporters after the signing. “It streamlines and so many other changes are made. That was just done and signed. It’s been made into law. So we are all set on that.”

The new law, the Taxpayer First Act, requires the IRS to show probable cause that the smaller transactions were made in order to evade financial reporting requirements.

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