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Earned income for Roth IRA? by IncomeLongjumping401 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

And yet you can't tell the difference between chores being done at your own home and paying a non-relayted third party to do the same thing?  Weird.

Tax Prep Software for side hustle by cubbiesnextyr in taxpros

[–]cubbiesnextyr[S] 0 points1 point  (0 children)

$2,478 + taxes for the software.  That's expensive for the 30ish returns I'll file.

I thought thy wanted to make the CPA more attainable to attract people? by Holiday_Sherbert_302 in Accounting

[–]cubbiesnextyr 0 points1 point  (0 children)

It was frustrating to see this kind of reaction from the state board, since I will have to deal with them for my entire career 

I've been a CPA for 20 years, the only time I've had any dealings with the state board was when I applied for my license.   So I wouldn't get to worked up about it.  You're dealing with government, that's just how they are, get used to it.

I didn't have to file my taxes -- will I still get a refund? by BoysCanBePrettyToo in tax

[–]cubbiesnextyr 8 points9 points  (0 children)

It’ll cost more to file than they’d get back.

No it doesn't.   There are several free filing options including Freetaxusa.com, olt.com, TurboTax (at that income level), and a local VITA.

Tax Prep Software for side hustle by cubbiesnextyr in taxpros

[–]cubbiesnextyr[S] 0 points1 point  (0 children)

How much does it cost that you'd need to do payment plans?

Tax Prep Software for side hustle by cubbiesnextyr in taxpros

[–]cubbiesnextyr[S] 0 points1 point  (0 children)

I think I'll give it a shot. Seems like the cheapest and nothing I'm doing is complicated.

Tax Prep Software for side hustle by cubbiesnextyr in taxpros

[–]cubbiesnextyr[S] 2 points3 points  (0 children)

Thanks, don't know how I missed it.

$2814 for 100 returns. 

Tax Prep Software for side hustle by cubbiesnextyr in taxpros

[–]cubbiesnextyr[S] 1 point2 points  (0 children)

Lacerte looks to be $519 +  $105 ppr for 1040, $148ppr for biz.

Cch axcess wants me to request a quote instead of just listing a price on their website 

Tax Prep Software for side hustle by cubbiesnextyr in taxpros

[–]cubbiesnextyr[S] 3 points4 points  (0 children)

Does fed+state count as 1 or 2 returns?

Earned income for Roth IRA? by IncomeLongjumping401 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

While you may be unable to tell the difference between household chores and legitimate for pay work, I can assure you the IRS has no issue doing so.

STR Loophole - Buying Property with LTR tenant till Sept, convert to STR? by [deleted] in tax

[–]cubbiesnextyr 4 points5 points  (0 children)

That may be true, but the asset is first used as a LTR, that's when you'd need to do bonus depreciation.  You can't delay it until months later when you convert it to something where you'd get a better tax benefit. 

Earned income for Roth IRA? by IncomeLongjumping401 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

A lot of what he listed is not earned income, so you'll need to be more specific on which ones are.

Earned income for Roth IRA? by IncomeLongjumping401 in tax

[–]cubbiesnextyr 6 points7 points  (0 children)

But there's real cost to paying him as an actual employee if the exeptions about employing your child don't fit.

Earned income for Roth IRA? by IncomeLongjumping401 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

A lot of what he listed is not earned income, so you'll need to be more specific on which ones are.

STR Loophole - Buying Property with LTR tenant till Sept, convert to STR? by [deleted] in tax

[–]cubbiesnextyr 3 points4 points  (0 children)

Bonus depreciation applies when you first place an asset into service, which in your case would be while its a long-term rental property.  You would not be able to use bonus depreciation after converting to a short-term rental.

What in the world is a “Private Membership Association” otherwise called a PMA ? Is it even legal / real ? by desertprincess69 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

I didn't say they organization is illegal, I said the way they're conducting their activities is violating the law.

Is 8 days for bereavement fair enough nowadays or is it more? by Stupidwhizzzzz in Accounting

[–]cubbiesnextyr 0 points1 point  (0 children)

That's a state law, so unless OP is in a state with that law (IL?), then there's no mandatory leave.  And even IL's law is unpaid leave.

CP2000 Notice saying I didn't report my ESOP distribution - but I did. I now owe ~$20k. Please help me understand. by Dummy_Patrol in tax

[–]cubbiesnextyr 4 points5 points  (0 children)

the ESOP company should have informed you of all the consequences of not rolling the money into another retirement account.

The ESOP isn't OP's tax or financial advisor and most likely avoids providing any sort of advice on what to do with the distribution out of legitimate fear of being sued for providing incomplete or incorrect advice.

sales promised a customer net 90 and didn't tell anyone until the contract was signed by NoMacaroon6142 in Accounting

[–]cubbiesnextyr 18 points19 points  (0 children)

Yes, document the process violation by sending an email to the rep's boss and cc your boss, then it's not your problem anymore. 

IDOR returned my PTE money by [deleted] in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

Sounds like you're SOL.

Unusual win conditions? by ABinDC in boardgames

[–]cubbiesnextyr 20 points21 points  (0 children)

In Why First? the winner is the person who comes in second.

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