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Showing content with the highest reputation on 02/24/2025 in all areas

  1. Stolen from another forum. Here are some band names comprised of tax professionals. Feel free to add our own. The Rite-Offs Double Entry Goodwill 'n Boot Qualifying Children LIFO of the Party Due Diligence
    8 points
  2. "I've Got Nexus" (The kids will never get it. ) "Unbalanced Entry" (for us old people) I really liked Patrick Michael's "LIFO of the Party"
    5 points
  3. 4 points
  4. My doctor is in a band called DNR. My hubby the retired teacher has a colleague in a band called Old School.
    2 points
  5. The was a very good band near me that I saw awhile ago called Expensive Hobby. My first thought was that hurts the argument with the IRS that it isn't a hobby.
    2 points
  6. Same goes for CPA, and even MD. Knowledge does not equal alphabet salad after one's name, and alphabet salad does not equal knowledge.
    2 points
  7. The Debit Brothers The Audit Family Print-N JAM HHH and the Exemptions
    1 point
  8. Most states have a 5 year lookback analysis so that won't work.
    1 point
  9. Unless you indicated somewhere that excess will be removed by due date of return additional tax 6% shown on 5329. Since the full amount was deducted from W2, excess will be taxable on Sch 1 whether removed or not.
    1 point
  10. If it's an S Corp how would the business get hit with any taxes? The stock would be passed on to his estate or his heirs with a step up in basis I really curious as what this lawyer's reasons are???
    1 point
  11. I found one. Had been using binding101 but cfsbinds is considerably less.
    1 point
  12. The son started fully time employment and had over $28,000 of W-2 income so after filling out support worksheet he is supporting himself. He took out the loan in his name; dad co-signed the loan. Art
    1 point
  13. I think there is a trend here with outsourcing to India. Back when I bought the Gleim EA study course, Gleim setup discussion groups which was and wasn't helpful. At the time I had at least 20 years tax prep experience and passed everything the first time. My point is there were a number of folks from india and other countries in the group. Some admitted to never preparing a tax return but taking classes to be an EA. I guess because you have EA at the end of your name doesn't mean you know squat. Kinda scares me.
    1 point
  14. And you get work that is worth about $5/hr, for the most part.
    1 point
  15. I am in the running for youngest on the board. I have not turned 60 yet (but I am knocking on the door - like days). Tom Longview, TX
    1 point
  16. Reading that all of a sudden I feel like a youngster at 66.
    1 point
  17. The part I could see using "reader view" Some tax professionals keep crunching numbers into their 90s and beyond GRAND FORKS, N. D.—Else M. Rike will be 101 years old on March 24 but doesn’t expect to take a day off to celebrate. She will be too busy preparing tax returns. After more than 70 years as an independent tax preparer, Rike knows how to pace herself. She aims to finish at least three returns a day in the weeks before April 15. The photo from the article:
    1 point
  18. (I don't like this attorney. And this client doesn't normally use this guy. But after he ended up in their parking lot with a trailer wedged under his truck and they helped him out, he offered his free advice. So they went ahead and wrote up the motion in their corp books and figured that was good. The attorney won't give any financial advice. )
    0 points
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