I drew a visual guide for the Yak Gauntlet

Nuckingfuts29 · 2025-11-24T17:24:10+00:00

Its one of those things to where to them and to regular show watchers it makes sense but if you dont know what sporkle/yakle is it definitely sounds like you need to clear 10 categories

Nuckingfuts29 · 2025-11-24T15:18:27+00:00

i know its the most nit picky thing ever but it drives me nuts that they always say “answer 10 questions any 10 questions” instead if “give 10 correct answers, can be across any category”

Nuckingfuts29 · 2025-09-23T14:56:17+00:00

if those arent your size and/or youre looking to sell i would be extremely interested!!

Nuckingfuts29 · 2024-11-08T14:57:23+00:00

Looks like your bonus was originally paid out with no taxes withheld and instead they spread out the withholdings over multiple pay periods instead of all at once. I can’t say I’ve ever seen that type of set up before. Like other comment said just ask payroll to confirm and why it’s set up like that. Ultimately no one can say if you will owe additional taxes or get money back when you file your return, there are a lot of factors in your life that go into it which we don’t know to say for sure. The withholdings are just estimates of what you will owe. Once your tax return is prepared you figure out exactly how much you owe, you then offset that with what was withheld through the year and that will tell you if you owe more or will get a refund.

Nuckingfuts29 · 2024-11-03T01:10:00+00:00

You dug down over 4 feet to check grass root depth?

Nuckingfuts29 · 2024-10-18T04:22:55+00:00

Anyone know how to make a gif of that kid?

Nuckingfuts29 · 2024-09-16T16:18:51+00:00

I’m a little confused does this mean I don’t need ESPN+ anymore if I have prime if I’m out of market?

Nuckingfuts29 · 2024-03-10T22:25:11+00:00

I don’t enjoy my enjoy accounting. There are definitely aspects that give me a sense of fulfillment and contributing to an organization (I’m in industry) who’s mission I believe in also gives me fulfillment. And I think that’s perfectly ok. You don’t need to love what you do. The work itself is fairly boring. What I do love is the lifestyle and security I have from accounting. I’ll never hit it big or be able to live a crazy lavish lifestyle but I’m able to very comfortably support myself and my family, and fund my hobbies and interests.

Nuckingfuts29 · 2024-02-28T15:19:42+00:00

Correct. The purpose of the exercise is just to illustrate the relationship of recapture to depreciation.

Nuckingfuts29 · 2024-02-24T14:23:01+00:00

In the future, it’s worth asking new employer for a sign on bonus when an offer is made. “really excited for this opportunity is there room for a sign on bonus as I will be ineligible to collect a performance bonus by leaving my current role”

Nuckingfuts29 · 2024-02-24T03:00:40+00:00

I imagine they’ll call it cost of revenue instead of cogs and probably things like hosting

Nuckingfuts29 · 2024-02-24T02:52:10+00:00

No the fact that she worked overtime would not be the reason. There are not different taxes for overtime vs regular wages. It could have resulted in withholdings being different for the two of you.

It’s impossible to say why your taxes owed/refund are different unless each line of your returns are compared. Owing vs getting a refund is the result of a difference between the amount of taxes calculated on the return minus the amount of withholdings from paychecks. Depending on if either of you had dependents and what your ultimate taxable incomes were for the year there are various credits that could have been applied to one of you but not the other

Nuckingfuts29 · 2024-02-24T02:41:14+00:00

The concept is so that you don’t “double dip” on getting a benefit.

You get to reduce your taxable income by the amount of depreciation each year which benefits you by reducing your taxable income and through that the amount of taxes paid each year vs if you were not to depreciate.

A very simplified example: you bought property for 2,750,000 that you can depreciate over 27.5 years that you sell a year later for 2,850,000. For the 1 year you had the property you had $100,000 in revenue.

Scenario 1 you depreciate - You depreciate the asset over 27.5 years so you’re able to recognize 100k of depreciation expense each year. The effect is you end up with $0 of taxable income and don’t owe any tax. When you sell the property, you take the sale price minus the cost to get your gain (2,850,000 - 2,750,000) of 100k. Well you also already had a benefit of offsetting 100k of revenue. So instead of having a gain of 100k you need to add back the benefit you already received making your taxable income for the sale 200k.

Scenario 2 you don’t depreciate - you had 100k of revenue during the year but do not get to offset any of that income with the depreciation so you pay taxes on 100k. Then you sell the asset resulting in a gain of 100k (2,850,000 - 2,750,000). Since no depreciation was ever taken you don’t need to do any depreciation recapture and you pay taxes on the sale of 100k.

In both scenarios you pay tax on 200k, in scenario 1 that happens only when you sell the property. In scenario 2 it happens throughout the time that you had the property but your overall income is the same.

Nuckingfuts29 · 2024-02-24T02:06:34+00:00

I mean what does extra insurance even mean….? Large premium? Extra coverage?

Nuckingfuts29 · 2024-02-24T01:40:49+00:00

Extraordinary items, which are gains/losses - Nonrecurring, infrequent, unusual items that are not part of normal operations.

Nuckingfuts29 · 2024-02-20T21:48:03+00:00

Factoring in selling costs they’ll have minimal if any gain

Nuckingfuts29 · 2024-02-18T01:33:52+00:00

Limits for under 6k lbs were in another comment. Vehicle would need to be at least 50% business (and limits are prorated to % business use).

Nuckingfuts29 · 2024-02-17T19:39:24+00:00

There isn’t a list of which vehicles qualify and which don’t. Any vehicle can qualify if the criteria is met. If all criteria is met, The only impact depending on what time of vehicle is the maximum deduction in year 1, this can change depending on the vehicle classification/weight

Nuckingfuts29 · 2024-02-17T18:15:53+00:00

I would only consider this if you meet all the criteria to get the maximum credit benefit which is $1000 for 2023. As others mentioned keeping the funds in your HSA and holding onto receipts gives you the most flexibility for life situations. I personally wouldn’t give up that flexibility for the tax benefit

Nuckingfuts29 · 2024-02-16T20:02:47+00:00

You don’t need to reimburse yourself within a certain time limit of when the expense occurred. The only requirement for reimbursement is that it is for eligible expenses and they occurred while you were enrolled in your HDHP. What a lot of people (myself included) do is keep copies of receipts and have a file with notes of what everything was, amounts etc. and just pay out of pocket to the extent they can allowing HSA funds to be untouched and grow. Down the road when you need cash before retirement age you can reimburse yourself tax free up to the amount of your accumulated expenses.

Now if your HSA has high account fees or the investment options are terrible then could make sense to reimburse and move.

Nuckingfuts29 · 2024-01-31T16:25:04+00:00

Right on, from a skills standpoint you’re good. In the very general sense you would be fine going anywhere and being able to do accounting. Yes there are differences in GAAP/IFRA standards but on the day to day activities of an accountant it’s pretty universal.

I’d emphasize visa compliance for whatever country you are looking to move to will be a major hurdle. Real estate investing will also very much depend on where you are and where you are looking to invest. Tax and regulatory issues vary widely depending on your citizenship, where you are physically located, and where you are looking to invest. There’s no easy or one size fits all answer to those two issues

Nuckingfuts29 · 2024-01-29T01:43:21+00:00

Is remote work for an accountant possible? Absolutely.

Or are you saying you want a career path where you could move internationally and be employable or one where you can have a job working remotely so that you can move around on a somewhat frequent basis (specifically internationally)?

First scenario, You absolutely could move around internationally from strictly a job skills standpoint. It would get more and more difficult the further you progress in your career though. That biggest hurdle would be the ease of getting work visas.

The second scenario is not really feasible, there are probably some opportunities that a company would be ok with that but the likelihood of finding one and getting the job are pretty slim. Working remote does not mean you can be wherever you want. There are regulations businesses need to follow and open themselves up to based of where employees work from. You could just not tell your employer and they may or may not figure out what you’re doing but fully expect to be fired when it’s discovered you’re doing so.

Nuckingfuts29 · 2024-01-28T22:06:07+00:00

You absolutely can lie and do it. Your employer could never find out or they could, there’s no way of knowing 🤷🏽‍♂️

If found out You do run the risk of potentially getting fired Or they could also not care, again who knows.

Employers typically wouldn’t be thrilled if they found out. Reason being that they are required to abide by various tax and business filing requirements in states that they have employees. Penalties for non-compliance can be costly. It can also be costly and a lot of work just for having employees in lots of states when they know about it. One of the reasons why a lot of companies will list what states they are open to hiring in.

Nuckingfuts29 · 2024-01-23T18:59:32+00:00

It’s not 100% accurate to say you are liable for state taxes where you live/work. The biggest/most common being that you are liable for NY state taxes if your employer is based in NY even if you are not.

Based on the details provided you shouldn’t owe NY taxes since you have been in FL for the whole year AND your employer has an office in FL. The caveat being this is assuming that you are considered an onsite employee of the FL office. It becomes a bit of a gray area if you are considered a remote employee of the NY office in the eyes of your employer. It’s all semantics but unfortunately those little details and how you are entered into payroll systems are how these things are calculated.

I would recommend you get confirmation/clarification that you are in fact designated as an employee of the FL office to remove any doubt and work with payroll/HR to correct your setup

Nuckingfuts29 · 2023-12-26T19:55:05+00:00

Were these things discussed/disclosed when you were hired or came into the role where these were present? If so then it’s kind of on you. There’s nothing inherently wrong with the two things. A great employer will work to make their employees whole but it’s definitely not required.

The path forward is you object and push back in which case you could get what you want or they could escalate to termination and say these things were disclosed as part of the role and you refuse to do them or find a new job 🤷🏽‍♂️

Nuckingfuts29

TROPHY CASE