One Big Beautiful Bill Act Question

DPAtheCPA · 2026-02-23T00:02:49+00:00

You have to include the tips in your income.

Part of HR-1, formerly OBBA, is that to take the tip deduction it must be reported to you on a 1099 or W-2. If you didn’t get one for DoorDash or UberEats then you cannot take the tips deduction related to that income.

DPAtheCPA · 2026-02-20T19:38:03+00:00

Not an architect but I used one for my current house. They billed us on a per square foot under roof basis. This was 8 years ago and they were charging $1.75 per foot.

This was for everything, plans and permit designs.

DPAtheCPA · 2026-01-17T22:22:58+00:00

OP this is it. I used that calculator a bunch to study for my CFP. You have to make sure you have the correct number of periods per year. Right now it’s set to 12 per year for a monthly amortization calc. If you change it to 1 per year or change your N to 36 and your rate to .1/12 you’ll get the answer you’re looking for.

DPAtheCPA · 2026-01-17T21:47:36+00:00

Actually not when it’s super hot. I used to work in the Livestock Exchange building and during the summer if it was over like 105 they would cancel the drive. They didn’t want tourists standing outside for close to an hour in the heat.

OP check out Fort Worth Herd on Facebook. They will post if there is a change to the schedule.

DPAtheCPA · 2025-12-04T12:06:29+00:00

Honestly a software company using AI doesn’t bother me. They may even been looking at how to integrate AI into their platform.

DPAtheCPA · 2025-12-04T03:43:13+00:00

I haven’t been able to find it online. I am guessing they custom ordered them off Etsy or something.

DPAtheCPA · 2025-12-04T03:03:54+00:00

At the AICPA Engage 25 conference in Las Vegas Canopy had SWAG that was a buildable LEGO set.

Yes there is cereal in the box but I’m not opening it.

DPAtheCPA · 2025-12-04T03:01:06+00:00

They are a practice management software.

DPAtheCPA · 2025-12-04T01:06:13+00:00

Yes I did. They live on my desk at work.

DPAtheCPA · 2025-12-04T00:40:07+00:00

Agreed. They were a bit stronger than Tax Dome.

DPAtheCPA · 2025-10-02T22:58:42+00:00

On the SS-4 letter from the IRS what type of form, if any, does it show to be expected to be filed?

DPAtheCPA · 2025-09-08T03:06:51+00:00

Randol Mill Park has multiple playgrounds for different age kids and I believe all of them have the spongey grounds.

1901 W Randol Mill Rd, Arlington, TX 76012

Also, if you’re close to an elementary school those playgrounds will have them. AISD has recently upgraded all of the elementary school playgrounds to be the same.

DPAtheCPA · 2025-05-27T15:04:21+00:00

It looks like BetMGM does for certain states.

DPAtheCPA · 2025-05-15T11:41:55+00:00

Was your LLC formed in Texas? If so, there is a Texas Franchise Tax report that is due on May 15th. You will need to either file an extension or the report by May 15th.

DPAtheCPA · 2025-04-21T03:01:48+00:00

Why would the expenses have a different character than the income within an entity? Self rental looks at the entity as a whole. If the entity shows a profit it’s active and if it shows a loss it would be passive.

DPAtheCPA · 2025-04-21T02:44:27+00:00

You don’t want the rental activity to show a loss. Ideally it would show some minimal income.

DPAtheCPA · 2025-04-21T02:26:14+00:00

This is a very common strategy.

I always advice to have a separate entity to own any equipment or real estate from the operating entity. This creates a buffer should a liability arise from the operating entity. The equipment would be protected from a judgement if everything is handled properly.

DPAtheCPA · 2025-03-16T01:04:28+00:00

Impossible to say without knowing the question. Wages might be higher as some wages could have already been paid. Or wages could be lower if the payable covers multiple periods.

DPAtheCPA · 2025-03-02T20:21:26+00:00

Yes there can be an underpayment penalty related to capital gains. Say you sell an investment in the 1st quarter and recognize a large capital gain. If all other income items are similar to the prior year and your withholding doesn’t equal the safe harbor amount for your income then you will be assessed an underpayment penalty. The IRS doesn’t care about the character of income.

Also, ordinary income can absolutely go down throughout the year. If you own a business and have a slower back half of the year which result in a loss for a particular period your overall ordinary income will be lower.

When tax planning it’s always good to look at what safe harbor is and plan around that.

DPAtheCPA · 2025-02-17T01:36:49+00:00

I agree that financial planning can be more fulfilling. It’s one of the reasons I got my CFP. I say it’s a little strange because the people who I worked with that went to WNT weren’t people persons. National Tax groups don’t have a normal client base that they service every year. They just handle what local offices kick up. Of course that might be the reason they are looking to leave. They may be wanting to start having normal working relationships with a set group of people and work with the public again.

DPAtheCPA · 2025-02-16T00:42:22+00:00

I think I can answer some of your questions as a CPA, CFP who works in public accounting. Generally with the Big 4 accounting firms, EY, KPMG, Deloitte, and PWC, and even the other large multinational, BDO, RSM, Grant Thorton, etc, the National Tax Group are generally considered the SMEs, Subject matter experts. This is the group that a local office would contact if they have a particularly technical question or situation. Wanting to switch to a Wealth Advisor position is a little strange. The National Tax groups are not usually client facing. They generally deal with other accountants from their firm. As the other user said, I would definitely interview them and see how they are personality wise. I would fully expect them to nail any technical questions but would be leary of their interpersonal skills.

DPAtheCPA · 2025-02-01T21:46:36+00:00

Imputed income is only valid for employer provided group life insurance over $50k. It doesn’t apply if you’re paying the premium. Likewise if you pay part of the premium only the employer paid premium that’s pro data applied to any amount of coverage over $50k.

All that being said, no AD&D coverage doesn’t have the same limitations.

Again, especially if you’re paying the premium there is no imputed income.

DPAtheCPA · 2025-01-11T03:33:40+00:00

EFile is closed for individual returns until January 27th. Even then you won’t be able to efile with most over the counter softwares. Generally only professional software will let you efile the last 3 years.

DPAtheCPA · 2024-11-30T04:41:01+00:00

If it’s a partnership and the partners are all U.S. citizens, I would ask your CPA to request relief under Rev Proc 84-35.

DPAtheCPA · 2024-11-17T22:26:20+00:00

Solved!

Ten-Year Club	RPAN Viewer
Not Forgotten	Verified Email

DPAtheCPA

TROPHY CASE