How Things Happen

I have recently written a bit on how it is difficult to know what may be coming with tax changes with the new Trump administration, but that we can be sure there will be political moves to at least try to make something happen. In all this, though, I may have been overlooking a bit of crucial information – just whose job it is to administer anything that does happen.

Yes, it will still be the IRS, and this got pushed to the front of my mind last week when National Taxpayer Advocate Erin Collins released her annual report to Congress. "For the first time since I became the National Taxpayer Advocate in 2020, I can begin this report with good news: The taxpayer experience has noticeably improved," Collins wrote, letting you know just how enjoyable dealing with the agency tends to be for people. But then, she also had to go on and spend some time discussing how there have been ongoing delays with getting Employee Retention Credit claims processed – which you’re very aware of if you submitted one and weren’t really early in the process. She noted that there are legitimate claims that have been waiting to be processed for over a year.

Then there is the fact that one of those things we can be pretty sure of is at least going to proposed with the new administration is taking away some funding from the IRS. That certainly isn’t going to make those who are still waiting for ERC money feel good.

It could also mean that even if new tax laws are passed, there could be some delays and uncertainty in how and when they will be implemented. So even once we have a handle on what’s going to happen, that still doesn’t mean that it happens immediately.

And that brings us back to that first point I mentioned and the one I’ve been making along the way in these discussions – it doesn’t do much good to get ahead of ourselves. We can’t know what’s coming and even when it does, we may not be sure exactly when. So … stay tuned.

Warmly,

Josh Bousquet
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