- Ledger Lowdown
- Posts
- Senate Moves to Regulate Tax Preparers
Senate Moves to Regulate Tax Preparers
just added the borders
I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.
So grab your coffee, take a quick break, and lets catch up.
In this issue:
The feds crack down on tax preparers
The IRS upgrades fraud reporting and the adoption credit
Red Bull flexes while Monster and Celsius chase
- Ledger Lowdown Team
WTF of the Day🤯
The Government Is About to Police Tax Preparers
Right now, almost anyone can charge money to prepare a tax return. No real national standards. No required training. That’s crazy when you think about how complex the tax code is.
The Senate wants to change that. Their new bill would let the IRS fine bad preparers, revoke their PTINs, and require continuing education. So if someone files sloppy returns, steals refunds, or acts like a ghost preparer, they can get kicked out of the system.
If you’re a tax pro, assume regulation is coming. Get your education hours tight. Double check your processes. The hobbyists are about to get squeezed.
What’s poppin in accounting🍿
Two Big IRS Updates You Shouldn’t Miss
First, the IRS just made it way easier to report tax fraud. There’s now one single page where you can submit tips confidentially. No hunting for the right form. If you see a shady preparer, fake credits, scammy stuff, send it in. Expect more enforcement. The IRS is clearly trying to tighten the screws.
Second, the adoption tax credit just changed in a big way starting in 2025.
Up to $5,000 of the credit is now refundable per child. That means you can get that money back even if you owe zero tax. The rest of the credit is nonrefundable and can be carried forward for five years. For 2025, the total credit limit is $17,280 per child.
There’s also a quiet change. Tribal governments can now make “special needs” determinations that count for the credit, just like states can. That means more adoptive parents may qualify, even if they didn’t have out of pocket expenses.
If you’re a preparer doing anything aggressive, understand this, the IRS just made it easier for people to report you.
Weekly Trend Chart 📊
Red Bull Is Printing Money While Everyone Else Chugs
Energy drinks are on fire. Coffee’s getting expensive, so people are grabbing cans instead.
Monster just posted $8.3 billion in 2025 sales. Up 11 percent. Record year. Celsius grew even faster. Sales jumped 86 percent to $2.5 billion. Insane growth.
And still… Red Bull is in a different universe.
They did $14.3 billion last year. Almost double Monster. They sold nearly 14 billion cans. That’s not a beverage company. That’s a distribution machine with a logo.
Here’s why this matters to you. Energy isn’t about caffeine. It’s branding and shelf space. Red Bull owns both. But Celsius is stealing share with the “healthy” angle. If you’re investing, watch the low sugar trend. If you’re building a product, study this playbook. Own a category. Then defend it with distribution and brand until no one can touch you.
Meme of the Day😂
😂