Hey, guys. Alright, so now we're going to dive into a little bit about why tax research is necessary. I think the easiest way to think about why it's necessary is because first of all, tax implications are everywhere. Whether you're dealing with business transactions, choices that a business needs to make or even at the personal level, you know, do you buy a home? Do you move to a certain state? Do you retire? It also affects investment decisions. Should you dispose of certain stock holdings that you own? What is the tax treatment of your four oh one K? When is your bonus compensation going to be taxed? You know, there's tax consequences to nearly every aspect of life, you know, business, personal, or investment. And so that's why tax is important in general, but it's also a reason why being able to do tax research efficiently, you know, to address some of those questions that are not so clear is so important. I think the second reason is that why tax research is so necessary is because the tax law is so complex. I don't know if you guys have seen the volume of how much information is in just the internal revenue code. But back in the day when we used to have hard copy books of the Internal Revenue Code, it would literally be this thick, two books, the paper being very, very thin. And, you know, that was about ten, 20 years ago, and now it's grown even more since then. Nowadays, the Internal Revenue Code, Regs, and all the other pieces of authority, you can find all online. Which is why we're going to be learning tools like Check Point. But it's not unknown that the tax law is, in fact, very, very complex. You guys are all in the MS of accounting program, but tax is also an area that you see law firms specialize in. There are many law firms out there that are, you know, effectively competitors with the accounting industry because tax attorneys do very much the same things that CPAs do. And that just shows you that tax is very complicated because it's all driven by law, whether it's at the federal or at the state level. And you have law firms that invest in attorneys that specialize in the tax law because there's so much complexity there. And with so much complexity with so much volume of tax law, there's obviously gaps where the tax law may not be so clear. There's lots of areas of gray. On top of that, not only is it complex, the tax law is always evolving. So you can't just rely on being an expert in one particular area of the tax law because you never know when it can evolve and change. And we just saw that seven years ago in 2017, in the Tax Cuts and Jobs Act, which was one of the biggest accomplishments of the Trump administration the first time around. And the tax the Tax Cuts and Jobs Act of 2017 really changed the Internal Revenue Code in a significant way for the first time since, I would say 1986. And the TCJA, as it's referred to, the TCJA is still in effect, but as you guys may be aware in the news, as it's seemingly talked about every day now, those provisions in the TCJA are going to sunset because they weren't made permanent. They were all put in through this process in Congress called budget reconciliation and would only last ten years. So we're coming close to the end of that period. And those TCJA provisions are about to sunset. So now we're talking about currently in Congress, potential for extension of TCJA, but on top of that, even more tax changes. And some of those you may have heard about in the news as well. I'll give one example. I think you guys probably heard this during the campaign trail, but Donald Trump made this promise of giving you tax free treatment on tips. So the waiters at restaurants that are earning much of their income through tips, you know, that type of income would be subject to no federal income tax. That was somewhat novel idea. I think it is something that Congress is trying to make happen, but it'll be interesting to see where we come where that ends up. But, you know, every day, it seems like there's some new developments in the tax reform area. Um, so tax law is always evolving federally and even at the state level. I will tell you, because at the state and local level, there's just so many states, there's 50 of them. If you include District of Columbia, there's 51, although it's not technically a state, but then you have thousands of cities and counties, townships that all have their own set of tax laws. There's no way. The main point here is there's no way that a tax practitioner can know everything. There's no way that a tax practitioner knows everything in internal revenue code. And so what is the critical skill needed for a tax practitioner to, you know, be a good tax practitioner and provide good tax advice in all areas? You need to have that tax research skill set. Being able to research taxes at any jurisdictional level, whether it's federal, state, local, or even foreign, that's what separates a very good tax practitioner from one that's not so good. And so it also keeps things interesting. You know, you'll see that a lot of these changes that are made at the federal level in this next year, presumably, may not apply at the state and local level. So it's kind of fun to see the differences between tax treatment at the federal versus state, for example. Um, that leads me to what I would like you guys to think about on your own time and get and maybe share with the group through a discussion. This being sort of the point that the tax world is not so black and white, but think about a scenario that you've encountered, and it could be related to a business issue, investment, your own personal situation, or someone else's. But think about a scenario where the tax consequences of that situation were unclear. It doesn't need to be anything that complex, but just any situation that you've encountered or you've seen someone else encounter where the tax treatment was not that clear. And maybe you had to do a little research on it. Even if that meant just doing a little Google search or asking chat GPT, or maybe asking a friend or a colleague, think about a situation where the tax treatment was not clear and be prepared to just share that through the DTL discussion prom. The second discussion prompt I want you guys to think about is related to this point of evolving tax laws. And I think this will be good for you guys to gain some interest and curiosity about what's happening in this current moment of time. But maybe dig through the news and find one federal tax policy change that's actually being proposed by the administration right now. I mentioned one already. And that one being that potentially tips may be come tax free, no federal income tax on tips. But there's a whole host of other ones that I think Donald Trump has mentioned on the campaign trail and others that have been leaked out into the media that you may have heard about. But go out there, you know, do some web searches or maybe you know one offhand, but describe one federal tax policy change that you've heard of that may be in the works right now with this current administration it might get through into the law this year. Thanks, guys. Two.