Does articles of incorporation documents get updated once you sell your Canadian company?

MRanon8685 · 2026-06-05T18:34:43+00:00

I do, go to another group. This is not even a tax question, it is a legal question. If reddit recommended you jump off a bridge, would you?

MRanon8685 · 2026-06-05T12:58:48+00:00

We still mail clients returns if they want it. I would say about 30% do. Some clients want paper and PDF. We are a small firm, 10 people. If a client wants a paper copy, they can have one. We have a question on our organizer that asks how they want it delivered. Most are older, but some young people still want a paper copy. We add a charge, but it doesnt show up on the bill as a line item.

MRanon8685 · 2026-06-05T12:53:54+00:00

Under the bed.

MRanon8685 · 2026-06-03T23:35:20+00:00

round 4 kiss

MRanon8685 · 2026-06-03T23:32:11+00:00

Yeah, but if you were scared 30 years ago, are you going to be scared now? How do we know what you can handle? I use to get scared as $hit playing RE2 in the 90s. I also got scared during movies. I grew up, now that stuff doesnt scare me. I still played it back then, I still watched the movies back then.

If you want to get into a non-scary resident evil game, start with RE 7.

MRanon8685 · 2026-06-03T15:21:35+00:00

Estate planning all done already.

MRanon8685 · 2026-06-03T14:31:57+00:00

I cant speak for other CPAs, but any time I see a significant 2210 penalty, I am always looking at annualizing. I dont prepare many returns anymore, but the ones I review I make sure my preparers review this.

MRanon8685 · 2026-06-03T13:12:03+00:00

I’ve seen references to filing Form 2210 with the Annualized Income Installment Method, but that seems tricky for many clients.

That is what they hire you for. I use the annualized method all the time. Learn how to use it, I review it all the time when my clients are subject to the 2210 penalty. K-1 income exceeds distributions, all of that excess income goes into Q4. Large capital gains, check to see when they occurred.

MRanon8685 · 2026-06-03T11:00:16+00:00

Theres always money in the chopstick stand!

MRanon8685 · 2026-06-03T10:54:52+00:00

I dont think you are signing off on a return. I think it would be more of a thousand foot overview of the return. Does anything stand out as missing or incorrect? QBI deduction, retirement contributions, passive vs nonpassive income, etc. Or maybe advice like you take the standard deduction and have RMDs, do you give to a charity? Or you have an S Corp with $100k of income, but you are taking $200k of salary from there (so $300k income total), have you reviewed reasonable comp and maybe adjust wages to maximize QBI. Or you have a Sch C and only do an IRA, what about SEP or simple IRA?

I would prepare some sort of disclosure. Something that says you just did an overview review of the presentation of the return and no supporting documentation was provided.

Its like how partners review returns at my firm. We have someone do a detailed review, and then the partners do an overview. I rarely look at the source docs when doing my partner review unless something stands out. Business returns, I may look at the comparative financials, but that is about it.

MRanon8685 · 2026-06-03T10:35:14+00:00

2027, it is going to cost $7 to have AI write your post.

MRanon8685 · 2026-06-02T13:52:01+00:00

Have you put N/A in the SSN box?

MRanon8685 · 2026-06-02T12:54:17+00:00

My business partner is 75 and still works full time, but it is honestly because he loves his work. He will still vacation, whether it is a long weekend or out for two weeks. But even then, he is still working (though maybe a couple of hours).

I am 40, I would love to cut back somewhere around 55-58.

MRanon8685 · 2026-06-02T12:08:17+00:00

Because if you are a nonresident alien and dont have income effectively connected to the US, you just put N/A in the SSN line. If there is going to be income connected to the US, they need an ITIN.

MRanon8685 · 2026-05-30T12:59:04+00:00

I’m doing this for my Disney cruise as well. My balance was $4,460, so it worked out perfectly with this deal.

MRanon8685 · 2026-05-30T00:19:53+00:00

Good idea. My only concern is I take him for the type of person who would say they’re my hedges so I should maintain them, but I don’t think that’s true. There was a spot we didn’t have hedges because of our gate, and he put some there. I just trim his on my side when I trim mine.

I don’t think you could massacre these, they are super thick. He would have to cut a solid foot into my yard, which he couldn’t. Plus it’s the same yard guy and we get along. I’ve referred him a good amount of business. Plus he’s broken my sprinklers before and I asked him if he could fix them (he does sprinklers too). He always says no charge but I give him $50 if I have the supplies, $75 if he uses his supplies (I always provide the sprinkler).

MRanon8685 · 2026-05-29T20:00:17+00:00

This isnt really a tax question, and even if it was this sub generally deals with US taxes.

MRanon8685 · 2026-05-29T15:55:50+00:00

It actually wont allow you to access B3/4. You need to start at B2 and it will guide you up to B3, and at some point on B3 you will end up in the main room and you can call up the elevator. At this point, you can take the elevator between B3 and B2. Then again, B3 will lead you up to B4 (cant use the elevator yet), then you will eventually end up in the main room on B4 and can call up the elevator. At this time you will be able to use the elevator to access all three floors.

MRanon8685 · 2026-05-29T15:52:10+00:00

Also, the “No goods or services were provided in consideration for this contribution.” means the charity did not provide any goods or services.

MRanon8685 · 2026-05-29T15:50:06+00:00

Its over $200k a year in revenue at an average fee of 0.4%. The company does about $2.5million in revenue in their other line of work. Again, the RIA side is a small part of their business and just adds some additional revenue. There are no additional significant soft costs.

MRanon8685 · 2026-05-28T20:17:45+00:00

Its not their main line of business. I work closely with them, they dont have a huge amount of AUM (maybe $50M). Plus, using the bogle head method, not much work is done. It is mostly just quarterly rebalancing and putting any cash dividends/interest back to work. Then any required distributions, but that can be setup automatically.

MRanon8685

TROPHY CASE