Prosperity Tax Advisors founder Michael Moffa was recently featured in Bloomberg Tax, providing expert analysis on how business owners and entrepreneurs can navigate the current IRS furloughs and staff shortages. With tax planning season in full swing, understanding how to adapt to IRS delays is critical for business owners seeking to optimize their tax strategy.
Turning IRS Disruption Into Tax Planning Opportunity
With nearly half of the IRS workforce furloughed, processing delays and correspondence backlogs have created significant challenges for taxpayers nationwide. However, as Michael explains in his Bloomberg Tax commentary, this disruption also presents unique opportunities for proactive business owners to strengthen their tax positions, perfect documentation, and identify overlooked tax strategies before the agency returns to full capacity.
“The tax code hasn’t changed, only the agency’s ability to enforce and process it has,” Michael explains. “Those who plan ahead remain in control, even when the system doesn’t.”
Key Takeaways for Business Owners
Michael’s article addresses critical tax planning considerations during the IRS slowdown, including:
- How to navigate delayed refunds and processing times
- Strategic opportunities for businesses with multiple entities (LLCs, S corporations, partnerships)
- Documentation best practices for cost segregation studies and advanced tax strategies
- Year-end tax planning adjustments for 2025
Expert Tax Strategy During Uncertain Times
At Prosperity Tax Advisors, we help business owners, entrepreneurs, and high-net-worth individuals develop proactive tax strategies that withstand economic and bureaucratic disruptions. If you’re navigating year-end tax planning amid IRS delays, our team can help you identify opportunities and strengthen your position.
Read Michael Moffa’s full article on Bloomberg Tax →
Contact Prosperity Tax Advisors to discuss your tax strategy.