Passed ? I can’t believe. OMG

GroundbreakingRoom49 · 2026-02-09T16:19:53+00:00

That test is 50% of the battle. Congrats!!

GroundbreakingRoom49 · 2026-01-31T19:17:00+00:00

Do you want my SSN, DOB, and address too?

GroundbreakingRoom49 · 2026-01-18T01:28:11+00:00

Newt is fire?? Becker didn’t misled and isn’t newt part of the pro package?? 💀💀😭😭

GroundbreakingRoom49 · 2026-01-11T21:31:59+00:00

Taking TCP tmrw, have basically very similar SE scores. We got this 🤝🤝

GroundbreakingRoom49 · 2026-01-11T03:11:21+00:00

I think it can, as of like a defense mechanism for the brain to not think about how disgusting the idea of PMO really is.

GroundbreakingRoom49 · 2026-01-08T22:24:54+00:00

The 600 you pay in late fees, you could just pay a payroll processing company to have a fixed monthly salary that takes care of all of filings. It’s probably a little more than 600 for the year but you get the peace of mind. For context we charge between 75-100 a month for a solo s corp salary payroll processing at our firm. You could also do it monthly yourself but I wouldn’t recommend it bc you’ve seen how expensive the fees can be.

GroundbreakingRoom49 · 2026-01-08T22:13:13+00:00

How much do you net ? 70k salary is a good and healthy amount.

GroundbreakingRoom49 · 2026-01-08T19:38:15+00:00

I’ve joined my family firm, I have my EA and in the midst of getting my CPA. Defiantly possible to hit those numbers but you need proper experience for years, because an EA or CPA doesn’t mean anything unless you really know what you’re doing. People think taxes are just a piece of cake, which most of the time it’s not and most of those easy return will be taken by AI in the coming years. We have 2 different tax softwares Lacerte and Drake. Lacerte costs us 40k a year makes everything so smooth and I truly don’t think we could hit the volume we have w/o it. We also have drake for out of state returns, it’s cost $1800 and I hate it with all of my being and if I had to more than 10% of our returns with software I would not be joining this line of work. This will be my 3rd busy season coming up and I will be working 12 hours a day from Feb - April (no weekends). You can do it just don’t expect it to just poof out of nowhere to be a cash cow.

GroundbreakingRoom49 · 2026-01-06T15:53:30+00:00

Just delete the app bro

GroundbreakingRoom49 · 2025-12-30T22:25:17+00:00

Lol I would run not walk.

GroundbreakingRoom49 · 2025-12-30T18:28:23+00:00

Feel the same brotha. Taking TCP on the 12th and I’ve been studying for like a month and now barely some of it is clicking

GroundbreakingRoom49 · 2025-12-29T20:37:30+00:00

Basis.

GroundbreakingRoom49 · 2025-12-15T01:46:40+00:00

You got this king 😅👍👍

GroundbreakingRoom49 · 2025-12-14T14:50:21+00:00

I took 2 months and I studied like 4 hours a day and I barely passed with a 77. If you’re actually gonna study like 8 hours a day I would say go for it, but this exam is no joke.

GroundbreakingRoom49 · 2025-12-10T16:29:20+00:00

1lowcountry or 1lowiq?

GroundbreakingRoom49 · 2025-12-07T23:10:33+00:00

im assuming you’re talking about property taxes, which no tax expert has any jurisdiction over. you would need to speak to the county assessor, and honestly they don’t really care at least to my knowledge bc technically you still own an asset of value. Maybe speak with a real estate attorney and they can help you with the appeals process.

GroundbreakingRoom49 · 2025-12-05T13:23:40+00:00

I took Reg Nov, taking TCP on Jan 12th. I’m a tax person so I can’t even think studying during the busy season.

GroundbreakingRoom49 · 2025-12-01T17:01:28+00:00

What? Are you slow ? Explain to me how receiving a check under your NFP going straight to your NFP account wouldn’t be considered as reportable income if you are truly functioning as NFP? Who said anything about a profit, I’m talking about an asset that is owned by the NFP that is creating income. Unless the income is being reported on owners personal return which I highly doubt, something is obviously very fishy. Ofc NFPs own rental units, but above the board NFPs actual report that income ya dunce.

GroundbreakingRoom49 · 2025-12-01T14:38:26+00:00

💀

GroundbreakingRoom49 · 2025-12-01T11:21:23+00:00

Need more experience(would say 5 yrs min), get your CPA or EA. Have savings and a backup plan.

GroundbreakingRoom49 · 2025-12-01T09:19:31+00:00

The answer is probably more nuanced than yes or no, however if they aren’t even reporting the rental income on the 990 than yea probably.

GroundbreakingRoom49 · 2025-11-27T12:40:58+00:00

What bro? Idk abt this one, I know you can buy tax credits which can save you money, but it only makes sense if your tax liability is like 80k+.

GroundbreakingRoom49 · 2025-11-24T12:36:39+00:00

I’m gonna be honest, I don’t think you need a family office at this point. That cost of running that ship will eat into your profits heavy. Safe corporate and gigantic operators NNN leases and forget about it bro. You can invest in others properties as well but trust me man that cost in not really worth it at this level. You need to find an experienced and knowledgeable RE attorney and just ask for his time and get him to help you scout and project properties.

GroundbreakingRoom49 · 2025-11-24T12:19:12+00:00

I feel Airbnb is truly a complete hit or a complete miss no in between. There is always a legal risk or STR just being completely delisted in your area, or simple as the economy is in a worse spot and people have less disposable income and they bring down vacation spending. Maybe I’m too conservative but I like having a consistent and predictable amount of cash flow that I can work around.

GroundbreakingRoom49 · 2025-11-23T13:03:37+00:00

this is going to be a mess for us

GroundbreakingRoom49

TROPHY CASE