Donald Trump Wants To End The IRS | Should You Still File Taxes in 2025? скачать в хорошем качестве

Donald Trump Wants To End The IRS | Should You Still File Taxes in 2025?

Could the IRS really be abolished in 2025? After Donald Trump’s appearance on the Joe Rogan podcast, where he called the IRS a “stupid mistake” and hinted at ending it, speculation is running wild. My last video—where I explained how Trump could dismantle the IRS without passing a single law—racked up over 750,000 views, so I know you’re curious! Now, the big question everyone’s asking: Should you skip filing your taxes in 2025 if the IRS might disappear? Let’s break it down. About Me: I’m Anthony Parent, a U.S. tax attorney with over 20 years of experience. Full disclosure: my firm, IRSMedic, makes money preparing taxes, so I’ve got some skin in the game. That said, I’m transitioning into probate law and care about giving you the full picture—not just pushing tax prep revenue. What You’ll Learn in This Video: • Filing for Refunds: If you’re owed a refund, you must file to claim it. You’ve got just 3 years from the return’s due date (or 2 years from when you paid the tax) to get your money—don’t let it slip away! • Owing the IRS: Should you file if you owe money? Pros of Filing: Required for FAFSA (financial aid applications)—delaying could complicate things. Fiduciary duties to business partners or investors might legally obligate you to file. Cons of Not Filing: Penalties can pile up if the IRS sticks around (late filing + late payment fees). Good news? First-time penalty abatement could save you if you qualify—just don’t count on it if you’ve skipped filing before. Criminal Risk: The IRS Criminal Investigation Division indicts fewer than 1,000 people a year for pure tax evasion. Fraud (like fake Employee Retention Credits) is the real criminal trigger—not just skipping a return. Even if you file late in 2025 or early 2026, the odds of CID knocking on your door are tiny due to slow processing times. So some suggestions • Expecting a refund? File ASAP to secure it. • Owe money? There may be not much harm in waiting - and filing later in 2025 or early 2026, especially if you’re eligible for penalty relief. However you will have to pay interest. There is no way around that. Need Help? For expert tax preparation tailored to these uncertain times, visit www.irsmedic.com/prep. Let us help you navigate the chaos and secure your peace of mind. Stay Informed: This advice is based on current tax laws as of February 20, 2025—things could change! Always consult a tax professional for your unique situation. Like, subscribe, and hit the notification bell for the latest on tax law, IRS updates, and financial planning. See you in the next video! Tags: IRS 2025, tax filing 2025, Donald Trump IRS, tax refunds, IRS penalties, tax evasion, IRSMedic, tax attorney advice