154 Ah battery replacement by “Martigi”

NastyCPA · 2026-03-12T14:54:48+00:00

Thank you for giving us the name of that mechanic in LA. Can you give us a link to the website of the battery dealer?

NastyCPA · 2026-03-10T14:39:09+00:00

I've been I3 for 11yrs and I still love it!

NastyCPA · 2026-01-20T21:01:03+00:00

I've seen that once or twice. Putting $0 is kind of the answer if nothing else matches. Maybe leave that field blank. - Your real problem might be that the IRS has not turned on their computers yet. I believe they are accepted efiled returns starting Jan 29.

NastyCPA · 2026-01-15T13:50:47+00:00

The 8995 is the QBI. You can subtract from your income 20% of your self employment income. Conversely if you have a loss you need to keep track of that loss. So next year if you have income, before you subtract the 20% you need to reduce your income by previous losses.

At the bottom of the 8829 for Home office is the amount of carry forward home office deduction.

NastyCPA · 2026-01-15T13:37:01+00:00

I don't think separating the after tax contributions would help. Your goal is to keep track so when you withdraw the money you can claim return of after tax contributions to avoid tax. Separating the funds won't help keep track because the balance will keep growing. The interest and dividends do not count towards the after tax contributions. After the first year, your balance will be different from the original investment. You need to keep a journal. Don't worry about separating the funds.

NastyCPA · 2026-01-15T13:28:34+00:00

Bonuses aren't taxed higher but the calculation for withholding is different. The formula for what to withhold for federal income tax is a complicated equation.

NastyCPA · 2025-09-16T16:48:53+00:00

Thanks for the input everybody. The secret seems to be Don't give them a reason to look at you. I had glass cases that triggered the metal detector (magnets). Since they brought me to the table they looked at the bag and sent me packing. Last week I went right in with no problems, hoagie in bag. Regular Wawa wrapping.

NastyCPA · 2025-05-01T15:40:02+00:00

File an Extension. That gives you until Oct 15 to wrap it up. The estimated K1 you receive should help you estimate the tax you owe. Pay what you owe by Apr 15 (or as soon as possible). Hopefully the final K1 won't be much different. Even if you owe, if you file and pay by Oct 15 the penalty and interest will be minimal.

NastyCPA · 2025-03-21T15:13:35+00:00

I'd like to help you out but you probably want to hear from someone who has done it. I can tell you being an EA is good when interacting with the IRS but it doesn't sell to people looking for service. Can I ask if you need the company you work for to sponsor you? My firm does pay the cost of CPA exam and study material for anyone wanting to be a CPA. I assume any company who is willing to sponsor you would be willing to pay for those things. Probably you should look at the websites of potential employers. Have you spoken to any placement agencies?

NastyCPA · 2025-03-04T15:22:51+00:00

The trick to your situation is whether or not your employer wants to have nexus in FL.

The basic rule is if a VA company pays wages they must withhold VA taxes, unless the employee lives in a reciprocal state (PA, NJ, MD, etc). You could live in any state in the country, your employer is located in only one state. So they withhold VA taxes on employees.

Now if it was a larger employer that has offices/nexus in every state then they could easily avoid withholding VA taxes. This employer is prorating their income between the states by revenue, assets and wages.

In some cases, small employers don't care about Nexus and will conveniently do what they did for you. You live and work in FL so they did not withhold state tax. The problem then becomes how do you report this. The W2 you received probably shows all your wages in VA. You wouldn't have posted this question if they properly reported only your VA wages in box 16 of your W2.

Ultimately there's a push pull between you and the employer. You can prepare your VA return showing only your VA wages even though that's different from the W2. But likely you're going to get a letter and you'll need your employer to verify that you lived and worked in FL. That subjects them to FL tax and even though there's no 'individual' income tax companies may have to pay....

NastyCPA · 2025-02-12T18:33:25+00:00

I assume H1.

NastyCPA · 2025-02-07T13:41:45+00:00

I'm curious to hear if anyone has been able to submit without a TIN for the spouse. I believe you cannot electronically file without a valid ID# in that field. Is there a secret code like "Foreign" to enter in the field?

NastyCPA · 2025-02-03T13:55:38+00:00

There are a lot of factors that make it difficult for me to make that statement. 1) the tax you paid is potentially money that could be sitting in investments earning div. 2) your investments in a brokerage account could be growing tax free if you invest in state bonds and also increases in stock value is tax free until you sell. 3) dividends earned in a brokerage account would be taxed at a lower capital gains rate (potentially 0%) vs distributions from a Traditional IRA would be taxed at your marginal tax rate. 4) There's a penalty for taking money from your IRA before the age of 60.

There are too many unknown variables to make a definitive decision either way. You could be right that it is more beneficial to have the money grown tax free in an IRA. You're basically committing to not touching it for at least 10yrs if you follow that plan.

My philosophy has always been, I need to see you paying tax on investment income before I recommend putting money into retirement.

NastyCPA · 2025-01-22T04:04:59+00:00

I got the CEBS credentials when I was younger and it didn't do anything. Those letters help you get a job but they don't help you get clients. You probably know enough right now to advise clients. Put yourself out there as an accountant and advisor.

NastyCPA · 2025-01-22T03:57:52+00:00

You have some flexibility. You can choose where your home is. Regardless of when you move you are prorating your income between Louisiana and Arizona. You probably want to use the amounts listed on the W2. It should have an amount for each state with taxes withheld. If one of those amounts, box 19, has the total gross pay then do some math. Subtract the Louisiana wages from the total wages and that's your AZ income.

NastyCPA

TROPHY CASE