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Yikes drakecohen. First, I agree with previous responses: 1. Lawyer up 2. Get a clear understanding of your professional obligations based on your credentials and memberships. While getting stiffed sucks (I still refuse to patronize businesses who stiffed me decades ago), you've got a business operation problem. You allowed this client to be 2 years in arrears. $30k is some serious money - that would keep me in beer and diesel for 20 years! I would immediately be sure you have written service agreements in place for ALL engagements. If long-time clients resist, explain that your E&O carrier requires them. At the same time, rethink your billing practices - start billing quarterly in advance or at least get 1/2 when the year end census request goes out and spell it out in the service agreement. As far as your deadbeat client, focus on recovering as much as possible and also prepare to walk away from that block of business. They left your circle of trust when they stopped paying you. If you want to try pulling their clients that you serviced , avail yourself of legal advice and don't run afoul of professional ethics/standards. None of the above will be as emotionally satisfying as the 5 actions you listed. If you need to drain some venom, visit the shooting range or rent an excavator for the weekend.

The Joint Committee on Taxation’s “bluebook” explanation of 2021-2022 Acts suggests JCT’s assumption that Congress intended the inflation-adjusted amount for a 60-63 participant is 150% of the inflation-adjusted amount for an age 50 participant. See page 332 (the last two sentences of the “explanation of provision”) and footnote 1505. I attach a pdf of pages 331-332. Joint Committee on Taxation, General Explanation of Tax Legislation Enacted in the 117th Congress [JCS–1–23] (Dec. 2023), available at https://www.jct.gov/publications/2023/jcs-1-23/. The explanation cites no document or other source as support for an assumption Congress intended something other than the statute’s text. A textualist interpreter might say Congress cannot have an intent other than the enacted text. It’s unclear whether the IRS will indulge or refuse JCT’s assumption, or find another way to interpret the statute’s text. JCT explanation of age 60-63 catch-up.pdf