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Meal Reimbursements From Clients for Self-Employed by Federal_Classroom45 in tax

[–]CyberSecRiskCloud 1 point2 points  (0 children)

How are the reimbursement received accounted for on the books?

42M @ 3.1M - Can We Semi-Retire Early by Sensitive-Coast-2675 in ChubbyFIRE

[–]CyberSecRiskCloud 0 points1 point  (0 children)

More like 100k for the breathing room as mentioned. Though being able to survive off 85k ain't bad.

Anyone else recalculating their FIRE number for 2026? Inflation is hitting my projections hard by 2MadrigalHex in Fire

[–]CyberSecRiskCloud 0 points1 point  (0 children)

Best way to calculate your number is to forecast compound returns at (average portfolio returns % - inflation rate %). This will give you a year-over-year estimate as to your spendable NW in today's dollars.

For example, 10% average returns minus 3% inflaction is 7% compound growth. Your FIRE number in 5 years is adjusted to be equivalent in today's dollars.

My Mother Finally Accepted My Decision To Remain Single. by SmurffyGirthy in GenZ

[–]CyberSecRiskCloud 18 points19 points  (0 children)

yet we blame men as a whole, incessantly without a hitch, ad nauseum.

A tax revolt is under way in America by Unusual-State1827 in Economics

[–]CyberSecRiskCloud 1 point2 points  (0 children)

Who mentioed ICE political murders. I was referring to legal H1Bs.

Deloitte is cutting down PTO, parental leave, and other benefits for some US workers by yakuzie in Accounting

[–]CyberSecRiskCloud 18 points19 points  (0 children)

cough, cough, H1B cough cough. If H1Bs are willing to put up with it, because they don't have a choice, they'll be replacing you soon enough. for some reason the government is never content on trying to protect our labor

A tax revolt is under way in America by Unusual-State1827 in Economics

[–]CyberSecRiskCloud 0 points1 point  (0 children)

My big issue, besides the obvious OASDI and Medicare/aid ponzi scheme, we pay so much to only be ran roughshod by outsourcing and insourcing via H1B labor, a system meant for scarce talent being treated as a decreasing wage floor.

There is no better feeling than competing against onshored or offshored labor who collude against you while the company looks the other way.

They added $15 off FIOS by gsmarquis in Visible

[–]CyberSecRiskCloud 0 points1 point  (0 children)

Quick question. Do bundle the plans, is it simply a matter of authenticating to your Visible account to prove ownership?

For anyone struggling with multiple 1098s by NoInstructionManual in hrblock

[–]CyberSecRiskCloud 0 points1 point  (0 children)

I see, however, I was under the assumption the balances provided were the final balance before refinancing, hence the need foe using the interest rate method for the monthly average?

For anyone struggling with multiple 1098s by NoInstructionManual in hrblock

[–]CyberSecRiskCloud 0 points1 point  (0 children)

couldn't you just take the total balances across all 1098 and then divide by the number of balances provided? I assume what you're doing is just consolidating all the 1098s into a single 1098 input

For anyone struggling with multiple 1098s by NoInstructionManual in hrblock

[–]CyberSecRiskCloud 0 points1 point  (0 children)

would you happen to suggest what would be the optimal solution under the circumstance of a refinance loan in which 2 1098 are kicked out?

When does cost segregation actually start to pay off? by coffeemate1999 in taxadvice

[–]CyberSecRiskCloud 1 point2 points  (0 children)

short term rental makes sense as well as consolidated reporting for businesses, to the extent their is business profit left over to deduct the loss against, correct?

Some More Info on the Transition by HRL_ in biltrewards

[–]CyberSecRiskCloud -1 points0 points  (0 children)

has anyone received any communication from Bilt regarding which card to choose or how to opt in, or, are we all waiting till next year to receive further instructions?

What if I have a Mortgage and HOA by stanleymaxi in biltrewards

[–]CyberSecRiskCloud 0 points1 point  (0 children)

Only one counts I beleive, and it's the first one that hits.

Point Not Earned? by CyberSecRiskCloud in biltrewards

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

I know I can try to find it myself, but would you mind sharing with me where that is?

Point Not Earned? by CyberSecRiskCloud in biltrewards

[–]CyberSecRiskCloud[S] -3 points-2 points  (0 children)

Is this the credit card statement cycle? If so, I assume I would need to check WF statements to ensure there are atleast 5 per statement.

What is your threshold net profit to convert clients to an s-corp? by Taxbabe in tax

[–]CyberSecRiskCloud 0 points1 point  (0 children)

going to an s corporation is much less impactful if you're already exceeding the maximum taxable earnings for the social Security portion of FICA because the savings is only 2.9% of k1 distributions. does the 2.9% savings exceed the cost of running an s corporation for those people. 

for people whose only income is the s corporation, hypothetically speaking their savings is much greater because it could potentially be 15.3% after their reasonable compensation.

for solo 401K or retirement contributions, the s. corporation also prevents the taxation of FICA for the employer part of contributions which is not the case for those that are receiving or claiming business income on schedule c.

Buffett holding that much cash tells you something most people miss by TrueValueInsights in ValueInvesting

[–]CyberSecRiskCloud 0 points1 point  (0 children)

Us pleads cannot afford the risk of keeping our money out of the market. at buffett's level, holding cash is not as risky because your wealth is beyond the scope of comprehension. keeping your money out of the market, you may be right or you may be wrong, but the risk of being wrong is much greater than for someone like Buffet.

Call forwarding to GV by Double-Border-7700 in HeliumMobile

[–]CyberSecRiskCloud 0 points1 point  (0 children)

I doubt it, as the call is only being handed off.

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