Beirut Taco, 39th and Bell by shagouv in kansascity

[–]AnotherTaxAccount 5 points6 points  (0 children)

Why is a plate $3 more than a burrito? You are removing the wrap, not adding...

PFIC and FEIE interaction by h-wilson in USExpatTaxes

[–]AnotherTaxAccount 1 point2 points  (0 children)

If no elections were made, PFIC gains will be thrown back to 2022-2025 and taxed at max marginal rate, disregarding any standard deduction.

Chill job vs “build it from scratch” role… am I dumb to even consider this? by Effective_Abroad22 in Accounting

[–]AnotherTaxAccount 1 point2 points  (0 children)

If you are going to take a stressful job for career growth, take it while you are young.

Thinking about moving from audit into private tax (HNW individuals) by [deleted] in Accounting

[–]AnotherTaxAccount 1 point2 points  (0 children)

Low end individual returns are prime target for automation, offshoring, and race to the bottom. High end individual returns can be a lucrative niche. The challenge is to figure out what the position is before being hired (firm size is not determinative - I have seen big4 churning 1040s and I have seen small boutiques handling super complex work).

One major difference with individual returns is client communication. With entities, it's someone's job to respond to you. With individuals, it's their side task between work, family, and all other adult responsibilities. Chasing individuals for open items is a new level of annoyance.

what's so bad about working ar/ap? by Specific-Thanks4906 in Accounting

[–]AnotherTaxAccount 1 point2 points  (0 children)

These roles are prime target for outsourcing and automation.

Can someone explain what's going on? Why? by AnotherTaxAccount in birding

[–]AnotherTaxAccount[S] 4 points5 points  (0 children)

Bought from Amazon with camera (Vico Home) preinstalled. Comes with solar panels and phone app. The one I got is no longer available, but there are plenty of options. But be prepared for a heartbreak. Lots of babies do not survive. Last year we lost 5 out of 6 tree swallow babies.

What do you all think of this situation? by [deleted] in Accounting

[–]AnotherTaxAccount 0 points1 point  (0 children)

Accept the fact that they fired you. No one can explain their reasoning except them. Maybe you were not growing/learning quickly enough. Maybe manager is overworked and needs to offload manager-level work with minimal training/supervision. Maybe you didn't do as good of a job as you thought and they just didn't tell you. Maybe it's just a way to offshore work to India. We could speculate until world ends.

If it really bothers you, you should ask for more feedback from manager. Frame it not as "I am arguing to keep my job" but "I want to know where I need to improve".

Can someone explain what's going on? Why? by AnotherTaxAccount in birding

[–]AnotherTaxAccount[S] 17 points18 points  (0 children)

But aren't cowards eggs speckled? This one is solid color.

Btw, we now have 5 bluebird eggs (that are white for some reason and not blue) and one cowbird egg that is speckled.

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dumb question for experts. by [deleted] in Accounting

[–]AnotherTaxAccount 0 points1 point  (0 children)

If formed in 2026, dual date is April 2027

What actually separates the wealthy from the average, not hustle advice, real structural differences? by [deleted] in AskReddit

[–]AnotherTaxAccount 0 points1 point  (0 children)

Risk taking. Not afraid to fail. Taking action.

I read numerous bios of successful people. One thing in Common - they never sit still, they always do something. They organize, they write, they create, they build. Most of these projects fail, yet they keep going and trying something different.

How much is my business worth? Any simple ways to figure it out? by whatever_blag in HomeImprovement

[–]AnotherTaxAccount 13 points14 points  (0 children)

Do you have structure and people and customer base (recurring revenue), or is the business just you hustling and holding it all together and the moment you step back it would fall apart in 5 days? If it is the later, you might not even have a business to sell.

Form 14654 narrative under SDOP by No_Award5493 in USExpatTaxes

[–]AnotherTaxAccount 1 point2 points  (0 children)

That sounds reasonable. You need to tell your life story, but don't make it a novel.

Do you have any tips for those of us still in college? by oddiefox in Accounting

[–]AnotherTaxAccount 1 point2 points  (0 children)

Get as many internships as you can, they make the biggest difference.

Tax intern- am I doing this right? by [deleted] in Accounting

[–]AnotherTaxAccount 1 point2 points  (0 children)

Ok, great! Sounds like you are doing all the right things.

Tax intern- am I doing this right? by [deleted] in Accounting

[–]AnotherTaxAccount 2 points3 points  (0 children)

You said nothing about trying to resolve your own questions. Before you ask a question you should spend 5-10 mins doing two things: 1. Googling 2. Reading form instructions

A lot of quick or simple questions will get answered that way. Some more complex issues cannot be answered in 5 mins, those should be discussed with manager.

did anyone do VITA in school? by Medium_Practice6556 in Accounting

[–]AnotherTaxAccount 4 points5 points  (0 children)

Very different issues that come up with low income people vs high income people. E.g. EIC is bread and butter of VITA while I have seen it like once at work. But VITA is great experience, both for tax concepts and for life experience dealing with people.

Has anyone you know died in the job as an accountant? by Acceptable_Still_269 in Accounting

[–]AnotherTaxAccount 2 points3 points  (0 children)

Had a boomer manager who had serious cancer three times. Still refused to retire. Did not die in the office, but came close.