How IRS Changes Affect Taxpayers and Business Owners – Louanne Gagnon

IRS changes are reshaping how taxpayers interact with the government, how audits are conducted, and how business owners must approach compliance and planning.

In this episode, Tom Wheelwright—Robert Kiyosaki’s CPA—speaks with veteran tax professional Louanne Gagnon, owner of LT Gagnon, PLC. With more than 25 years of experience advising individuals, investors, and closely held businesses, Gagnon explains what is actually changing inside the IRS and what taxpayers often misunderstand.

You will learn:

  • What current IRS operational and enforcement changes mean for taxpayers
  • How audit risk may shift for business owners and investors
  • Why proactive tax planning matters more than reactive tax filing
  • How working with a knowledgeable tax professional protects your long-term financial goals
  • Practical steps to stay compliant while still optimizing taxes

Wheelwright and Gagnon emphasize that taxes are not just a once-a-year filing requirement—they are a year-round strategy. Entrepreneurs who understand the direction of IRS policy can reduce risk, improve financial clarity, and make smarter investment decisions.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

00:00 – Intro.
01:40 – What is the job of the IRS?
04:40 – What the IRS does well.
06:14 – What the IRS is doing poorly.
14:40 – Evaluation & Advocate: Tax professionals are advocates for the taxpayer.
19:33 – Audits & Non-compliance
24:08 – Where the funds should go.
29:22 – IRS Culture & Morale
32:11 – The Need for Technology & Customer Service
38:00 – Final Thoughts

Looking for more on Louanne Gagnon?
Website: http://www.ltgagnoncpa.com/

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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

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