Crypto, Cash, or Chaos in an IRS-Free America? | ARC

If visions of the new administration come to fruition, the IRS could also be on the chopping block.

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Accounting ARC
With Liz Mason, Byron Patrick, and Donny Shimamoto
Center for Accounting Transformation

In this episode of Accounting ARC, Donny Shimamoto, CPA.CITP, CGMA; Liz Mason, CPA; and Byron Patrick, CPA.CITP and CGMA, explore the provocative question, “What if the IRS was shut down?”

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While the idea of eliminating the IRS and simplifying the tax system may be appealing, any transition to a new system would require careful consideration of potential unintended consequences. And there are plenty.

Posted on April 3, 2025

Center for Accounting Transformation

About the Author

The Center for Accounting Transformation offers tax, accounting, audit, and finance professionals with a framework for:

leveraging innovations that are ready for adoption,
the training and resources necessary to apply the innovations, and
an opportunity to engage the talent and community needed in further pursuit of innovative accounting practices
that drive responsible and mindful business performance.

C4T, at improvetheworld.net, was founded by Donny Shimamoto, now the organization's Inspiration Architect.

The Center:

Provides actionable tools, know-how, and a safe space for the cultivation of new ideas.
Seeks to inspire innovation in the profession as a force for meaningful transformation.
Creates a community that supports all subscribers on a path toward a better future. And,
Changes the face of the profession.

The Center is not here to convince people to change, but rather to empower those who seek an alternative to the status quo. As such, they offer subscribers an opportunity to enable transformation to help them understand organizational scalability through effective leadership. This includes resources and services that extend beyond “just CPE,” and pathways to certification in a variety of areas in the accounting profession.

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