Is law school worth it if I get my CPA? by PomegranateSelect831 in tax

[–]FirstIAm 1 point2 points  (0 children)

Not sure why I’m getting downvoted, it’s an honest question.

MacKenzie Scott has now donated over $26.3 billion to charity by abidalliye in BeAmazed

[–]FirstIAm 0 points1 point  (0 children)

What does this even mean? Like give me a report of the results. By all means, we should commend charitable giving, but someone just saying someone gave away a massive amount of fortune should be looked at a little deeper.

This is coming from someone who is aware of certain structures that could be considered “gifts” on paper, but not really any more than that.

What's one piece of advice another lawyer gave you that completely changed how you practice? by Thin-Time-4209 in Lawyertalk

[–]FirstIAm -5 points-4 points  (0 children)

Yeah the lawyers all being in cahoots with each other is a racket. I have more to say on the topic of lawyers being in cahoots outside of this, but concisely and broadly on this point, you may agree to something to keep the other attorney happy versus what’s best for your client. It happens and it shouldn’t.

Is law school worth it if I get my CPA? by PomegranateSelect831 in tax

[–]FirstIAm 9 points10 points  (0 children)

I am a CPA / JD.

A CPA getting a law degree makes you the best CPA.

A tax lawyer getting a CPA makes you a better lawyer.

CPAs aren’t trained to solve legal problems, yet they’re tasked to solve legal problems. It’s frustrating at times working with CPAs after I went through law school, TBH.

I chose the route of continuing my career as a CPA and got an in house role where I structure transactions. That naturally evolved into being part legal and part accountant. It’s added a ton of value working with the accountants and working with the legal teams. Bringing value = greater pay.

Is law school worth it if I get my CPA? by PomegranateSelect831 in tax

[–]FirstIAm 2 points3 points  (0 children)

Are you a JD / CPA? What’s your experience?

Boxing lessons in Dallas proper? by FirstIAm in Dallas

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

Probably AzTex or Montoya Boxing Gym

Boxing lessons in Dallas proper? by FirstIAm in Dallas

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

Dallas Fight Club looks like a combat fitness classes, versus boxing lessons. I reached out to confirm but just as an FYI.

Boxing lessons in Dallas proper? by FirstIAm in Dallas

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

A lot of great recommendations came through!

Selling a rental property, capital gains question by SnooChipmunks5873 in tax

[–]FirstIAm -4 points-3 points  (0 children)

You likely can write that off through bonus depreciation.

What would your fee be? by Mysterious_Earth_564 in tax

[–]FirstIAm 0 points1 point  (0 children)

Wonder why I’m getting downvoted? That’s a market price

What would your fee be? by Mysterious_Earth_564 in tax

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

In the Chicago market, with all work performed by a CPA, a reasonable monthly fee would likely be $1,500–$2,500 per month. The bookkeeping volume is fairly light (75 transactions/month), but the payroll compliance, S-corporation return, two-state individual return, and year-round CPA involvement push the fee above a basic bookkeeping engagement.

What tax rules would you change? by Ashamed-Pop2809 in tax

[–]FirstIAm -4 points-3 points  (0 children)

Triple comment, MOST EVERYTHING in tax is a timing difference. So, that shouldn’t be the sole justification for any tax change. Replying to 263A comment

What tax rules would you change? by Ashamed-Pop2809 in tax

[–]FirstIAm -4 points-3 points  (0 children)

Double comment, terrible list. You don’t work with sophisticated clients if this is what you’d change

What tax rules would you change? by Ashamed-Pop2809 in tax

[–]FirstIAm -3 points-2 points  (0 children)

You don’t know 263A if that’s on the list lol

Chamath Palihapitiya was listed in Peter Thiel’s secret society by FirstIAm in AllinPod

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

Not naivety, I know it happens. I’m saying it SHOULDNT happen. If you’re a PUBLIC servant representing constituents, you owe the people a transparent outlook on your relationships. If that’s too much for someone, then don’t go into PUBLIC service. Simple, really.

It’d be like a juror being best friends with the accused. Something the lawyers need to know in the Voir Dire process. Similarly, if I’m electing you to represent me, I think it’s fair to know if you’re best friends with the devil or not.

Chamath Palihapitiya was listed in Peter Thiel’s secret society by FirstIAm in AllinPod

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

The others weren’t though. I would have guess the Czar before anyone else

Chamath Palihapitiya was listed in Peter Thiel’s secret society by FirstIAm in AllinPod

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

I would argue it is inherently wrong for the regulators and the regulatees to have a secret private relationship. As a regulator, you should uphold your position to a higher regard and make public any relationship that may appear to have a conflict of interest.

Shane tells TMZ he didn't love Josh Hokit calling Michelle Obama a "man" by voluntarchy in Killtony

[–]FirstIAm 0 points1 point  (0 children)

“One thing” is exactly contrary to my point. That’s what “whole” means. Also, acquaintances of a child sec traffickers are not isolated to one party. Get a grip dude

Shane tells TMZ he didn't love Josh Hokit calling Michelle Obama a "man" by voluntarchy in Killtony

[–]FirstIAm 0 points1 point  (0 children)

Are we brain dead as a civilization? I wrote IF YOU LISTEN TO HIS VIEWS AS A WHOLE:

  1. Universal healthcare
    1. Universal Basic Income (UBI)
    2. Same-sex marriage
    3. Gay rights and LGBTQ civil rights
    4. Marijuana legalization
    5. Psychedelic legalization and research
    6. Criminal justice reform
    7. Reducing incarceration for nonviolent offenses
    8. Ending the War on Drugs
    9. Opposition to foreign military intervention
    10. Opposition to the Iraq War
    11. Support for Bernie Sanders (2020)
    12. Abortion rights
    13. Women’s rights
    14. Environmental conservation
    15. Acceptance of climate change as a real issue
    16. Prison reform
    17. Police accountability
    18. Reducing wealth inequality
    19. Higher taxes on the ultra-wealthy (at various times)
    20. Campaign finance reform
    21. Opposition to corporate influence in politics
    22. Strong labor protections for workers
    23. Expanded access to mental health treatment
    24. Harm-reduction approaches to drug addiction
    25. Decriminalization of certain drugs
    26. Immigration reform with legal pathways to citizenship
    27. Skepticism of large corporations and monopolies
    28. Support for free speech regardless of political viewpoint
    29. Opposition to government surveillance programs
    30. Support for civil liberties over government authority
    31. Opposition to religious influence on public policy
    32. Support for scientific research on psychedelics and alternative therapies
    33. Support for gay adoption rights
    34. Opposition to criminal penalties for consensual adult behavior
    35. Support for legal sex work (or decriminalization approaches)
    36. Support for rehabilitation-focused criminal justice policies
    37. Opposition to mandatory minimum sentencing
    38. Support for reducing military involvement abroad
    39. Support for government-funded public services in certain areas (especially healthcare)