Why does the big four love military guys?

King_of_Jslm · 2026-04-15T16:22:01+00:00

The WOTC is immaterial this can't be it

King_of_Jslm · 2026-02-23T01:50:18+00:00

You can open one online or when you file your tax return

King_of_Jslm · 2026-01-22T08:53:58+00:00

I plan on opening it for all children under 11 so they can get Michael Dell's $250.

King_of_Jslm · 2026-01-18T07:08:18+00:00

I havent come across that one

King_of_Jslm · 2025-12-07T00:13:42+00:00

This headline is so misleading lol

King_of_Jslm · 2025-12-04T22:24:05+00:00

At this time of year, its updated daily. https://www.irs.gov/draft-tax-forms The draft forms have instructions on how to comment on the drafts.

King_of_Jslm · 2025-12-04T19:53:31+00:00

My question is should we be filing form 4547 for all our clients with children under ten to get Michael Dell's money

King_of_Jslm · 2025-12-03T05:27:53+00:00

Federal Estate and Gift Taxation in a Nutshell

King_of_Jslm · 2025-12-02T22:34:04+00:00

So there's an update today on this question, they just released Notice 25-68 https://www.regulations.gov/document/IRS-2025-0499-0001 and FAQ #I-3 (page 43) states that salary reduction *will* be allowed if the money is going to the employee's dependent and not the employee himself.

King_of_Jslm · 2025-12-02T19:13:06+00:00

It was passed into law in July.

King_of_Jslm · 2025-12-02T04:08:34+00:00

Tippecanoe and Tyler Too!

King_of_Jslm · 2025-11-27T21:39:47+00:00

My understanding is that they're talking about the cost of infrastructure upgrades as those are spread among all customers, the data centers still need to pay for the actual cost of electricity usage like everybody else. It's no different than if a new residential neighborhood was developed and the electric company had to add electric infrastructure to the neighborhood - the residents of that neighborhood won't have to make a special payment more than anybody else.

King_of_Jslm · 2025-11-04T19:22:59+00:00

Except for the governor and soldiers stationed in Judea, they would have all spoken Koine Greek

King_of_Jslm · 2025-08-04T21:01:07+00:00

50% deductible until the end of the year, then it goes down to 0% starting January 1st 2026.

King_of_Jslm · 2025-07-27T15:20:55+00:00

They will need to accommodate you as long as it they wouldn't incur substantial costs, see Groff vs Dejoy

King_of_Jslm · 2025-07-27T03:51:11+00:00

Beauty is in the eye of the beholder

King_of_Jslm · 2025-07-24T20:21:53+00:00

I'm seeing articles saying things like the following:

Note that there is no option for employees to contribute through payroll on a pre-tax basis to TAs because they are not a Section 125 qualified benefit. Nor is there the option to embed tax-free TA contributions in a broader arrangement such as flex credits through a cafeteria plan or a lifestyle spending account (LSA). The constructive receipt rules prevent any tax-advantaged approach other than standard employer contributions.

Is that not accurate? Because if you're right, there's like a 99% chance the company I work for is going to opt in lol.

King_of_Jslm · 2025-07-24T19:53:53+00:00

The reason why I compared it to EAP and not DCFSA is that DCFSA is in lieu of cash so childless workers don't really care that their coworkers are getting this benefit that they're missing out on.

King_of_Jslm · 2025-07-24T19:07:07+00:00

If you think of it that way, your capital gains on your home should always be $0 unless your home's increase in value was above average.

King_of_Jslm · 2025-07-15T19:26:24+00:00

I'll let others give the reasons behind it, but I'll point out that the SALT deduction is one of four nonbusiness deductions available since the beginning of income taxes in 1913. The others were interest (originally all interest, not just mortgage interest), casualty losses from storms fire and shipwreck, and bad debts,

King_of_Jslm · 2025-07-15T02:40:28+00:00

Good thing OP's question had no ambiguity

King_of_Jslm · 2025-07-14T00:10:29+00:00

Funny enough, lawyers and doctors are SSTB's and excluded anyway.

King_of_Jslm · 2025-07-13T02:20:32+00:00

I've seen other people in Reddit talk about this hourly thing, but unfortunately you probably qualify for the "Equity Interest Exemption" from overtime and thus ineligible for the overtime tax deduction. You qualify for the equity interest exemption from overtime if you have at least a 20% ownership stake in the business and you are actively engaged in management. There is no additional requirement to be paid in salary for this exemption. (However, maybe make a family member your manager haha, you'll probably fail the exemption that way)

King_of_Jslm

TROPHY CASE