How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit

Published On Dec 24, 2024, 10:17 AM

Billy Long, nominated to lead the IRS, previously worked with Lifetime Advisors, a firm promoting claims for a pandemic-era tax credit intended for businesses that retained employees. The IRS has labeled the tax credit program a target for fraud, where companies were misled into applying for credits they weren't eligible for, often aided by aggressive promoters like Long. Lifetime Advisors charged clients a percentage for processing these claims, which raised concerns about legitimacy and exploitation of small businesses.