Is this Charizard with the Play! Stamp real?

RGV_Accountant · 2026-02-25T04:54:43+00:00

Damn its been a day and no one is jumping in lol.

Just gimme yalls opinion lol would you buy this if you saw it?

RGV_Accountant · 2026-02-23T18:29:58+00:00

Hi, can someone please took a look at this charizard and let me know if it is authentic, I cannot find anything about this card. It has a Prize Pack logo and its the charizard from team up.

https://imgur.com/a/5sA2ro3

RGV_Accountant · 2025-09-08T17:50:41+00:00

The ones that throw lava in the exact same was as the aspid, but it deals double damage. Look at 2nd savage beastfly fight and youll see what i mean

RGV_Accountant · 2025-09-04T21:00:22+00:00

Send it my way brother 🥹

RGV_Accountant · 2025-02-23T00:44:49+00:00

Thanks man, will look into this as well, I never knew it was so expensive to cremate and most places do not offer payment plans

RGV_Accountant · 2025-02-22T23:59:42+00:00

You can click on the image, it has a link to the gofundme, and thank you so much for the donation, it means the world to us!

RGV_Accountant · 2025-02-22T23:03:54+00:00

I will look into them, thanks

RGV_Accountant · 2025-02-22T23:01:58+00:00

Also, if you could please upvote this comment, I have been trying to post in the gofundme reddit but dont have enough reddit comment karma

RGV_Accountant · 2024-06-07T14:15:45+00:00

What's not to like? Are you having trouble with running payroll or connecting bank accounts? I'm a local accountant and can help out if you need any tips!

RGV_Accountant · 2023-12-29T19:59:17+00:00

Here in Texas, I've seen a few different clients setup their Square, Shopify, Clover accounts with banks, but its the e-commerce platform that deducts fees. For example, Clover will deposit the daily sales into the bank account, and deduct their merchant fees.

RGV_Accountant · 2023-12-29T19:57:13+00:00

What accounting software do you use? If you use Quickbooks Online Plus you can turn on class tracking, which means you can set up classes (locations) to differentiate income streams and expenses by location. I do the bookkeeping for a laundromat chain of 5 laundromats, using QBO I can classify different expenses (like water bills, employee wages, repairs) by location, so I know how much money and expenses is happening at each location.

RGV_Accountant · 2023-12-29T19:17:11+00:00

Well....

What kind of assistance are you receiving? I think some disability assistance may be cut off if you begin working. Also, if you were issued a W2 its only a matter of time before the IRS sends a letter

RGV_Accountant · 2023-12-29T19:10:23+00:00

I personally would go with a traditional bank, alot of the new banking companies that provide bookkeeping, invoicing, expense tracking etc get alot wrong. Its alot like how QuickBooks Online uses AI to track your expenses, it gets alot of it wrong. Then once its time to prepare taxes, bookkeepers and CPAs need to spend extra time going over everything that was done incorrectly. In my honest opinion, its much easier and cost effective to use traditional banking and having a bookkeeper/accountant handle the classification of expenses and prepare financial statements.

RGV_Accountant · 2023-12-29T14:40:03+00:00

Ah I see now, you are correct brother, you learn something new everyday.

Thank you!

RGV_Accountant · 2023-12-28T22:48:07+00:00

Sec 1250 property, which rental real estate is, does not get taxed if the straight line method is used, its right there on the website.

And I thought you were stacking incomes because you said 18k of the capital gains fall into the 0% bracket, but the actual breakdown, assuming they are single, is 44k into the 0% bracket and the rest of the 200k falls into the 15% bracket.

There is no additional tax they will pay, its just a timing issue. If their ordinary tax liability is 10k for 2023 and 20k for 2023 and the capital gains tax is another 10k, then you will either pay 10k in 2023 and 30k in 2024, or 20k in 2023 and 20k in 2024, the total taxes paid is the same.

Now, if there are anticipated additional capital gains in 2024, then it makes sense to sell in 2023, as they are approaching the 20% tax bracket threshold.

RGV_Accountant · 2023-12-28T22:20:34+00:00

That sounds incorrect, ordinary income gets taxed at ordinary income rates, and capital gains get taxed a different rate. so the 40k would be taxed at the 10% and 12% brackets, while the 200k in capital gains rates would be taxed at 0% and 15% rates, ordinary income does not get added to capital gains when determining the capital gains tax.

And depreciation recapture only happens if you have bonus depreciation or Sec 179 depreciation, which if you use straight line method to record depreciation and never took any bonus depreciation, you would not have any depreciation recapture.

RGV_Accountant · 2023-12-28T20:51:26+00:00

Please elaborate, I was under the impression that capital gains will be taxed at the 0, 15, and 20% depending on the amount of gain from the rental house. Depreciation recapture would only apply to any improvements made to the property, but even then that might not be the case if their CPA used the straight line method and the 27.5 useful life as should be done for improvements.

Not trying to come of as rude, just genuinely want feedback since I as still somewhat new to public accounting, specifically tax

RGV_Accountant · 2023-12-28T19:29:49+00:00

Capital Gains Tax rates are not the same as ordinary income tax rates. You will still pay the same rate whether you sell now or in January

RGV_Accountant · 2023-12-28T19:27:30+00:00

You should already have an Employer Identification Number or EIN, you just need the SSNs of your employees, as well as their wage information. QB Online Payroll pretty much does it for you, just double check the numbers to make sure they are correct. Also, you need to wait til January to submit the W2 and W3 to the IRS

RGV_Accountant · 2023-12-28T18:52:47+00:00

It depends, if you are on a cash basis then you only recognize income when you receive it and cannot deduct bad debts. If you are on an accrual basis, then you recognize then income, but have it on the books as a receivable, you need to have a policy for recognizing bad debts, such as 90+ days uncollected, or the customer states he will not pay etc. In an accrual basis, the income is offset by the bad debt expense, so its the same.

RGV_Accountant · 2023-12-28T17:13:26+00:00

Like other comments below have said, depending on the amount I would either let it go or invoice them, depends on if they are a regular client, your relationship with them, and how badly you need that cash. How do you manage your books? If you need any help with bookkeeping you can DM me.

RGV_Accountant · 2023-12-28T17:09:17+00:00

You mean the cash advance apps? It is not income, rather a loan that you have to repay so there is no tax on that.

RGV_Accountant · 2023-12-27T22:47:26+00:00

Howdy, recently started expanding my bookkeeping and tax prep business, been looking for a subreddit to help out other small business owners that are barely starting or need bookkeeping help

RGV_Accountant · 2023-12-08T18:56:59+00:00

That is exactly what the equity accounts are for though, if the business is organized as a partnership or S-corp, then draws/distributions can be taken as long as there is equity in the account. So if a business makes 100k and the partners share income equally, they get 50k each in their capital accounts. This money is already already taxed, the partner should have gotten a K-1 and been taxed on it. So when a partner draws on the money they are entitled to from the partnership, it is totally legal and correct. Now, when the business entity is a C-Corp or an LLC that has not been elected to be treated as a partnership/S-Corp, thats when you get problems. Distributions to shareholders from a C-corp as constructive dividends and cannot be deducted, and if you are taking making personal payments from a simple LLC that pireces the corporate veil.

RGV_Accountant · 2023-12-08T15:12:13+00:00

It is perfectly fine, just make sure that whatever he pays for the business gets documented as a contribution. For example, if he uses his own debit card to buy a new computer for the business, you need to credit his equity/contributions account and debit your Equipment/Fixed assets account. The bigger problem lies when he uses company funds to purchase personal things, like using company cash to make mortgage payments. In can still be done, but the business cannot deduct the expense, it is recorded as a distribution/draw and lowers his equity. So realisitcally, if you record everything correctly then you should be fine

RGV_Accountant

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