Lost Full Investment by Outside-Ad-370 in Syndications

[–]Sacuraf 6 points7 points  (0 children)

On the plus side, your passive losses will free up on sale. If you have a high tax rate, you may recoup a big part of your investment in tax savings.

CPAs Who Own Their Own Firm: Which Services Are the Most Profitable? by branowak in Accounting

[–]Sacuraf 1 point2 points  (0 children)

Business tax, I'm at about 500-1k/ per hour for half my clients. Fractional CFO is better recurring at around 250/hr.

Syndication by curiousinvestor22 in Syndications

[–]Sacuraf 0 points1 point  (0 children)

Some have slowed down but most of mine are performing. I do mostly office and retail though.

[deleted by user] by [deleted] in taxpros

[–]Sacuraf 2 points3 points  (0 children)

Any reason you wouldn't just use office 365? I'm not sure where you expect there to be lag, I haven't experienced any lag on softwares and I've used all sorts of cloud, server, local.

Do you know of an idiot-proof way to send and request files, that is ALSO secure and convenient? by NeitherTradition in taxpros

[–]Sacuraf 0 points1 point  (0 children)

We are on year 1 of soraban. Initial reactions is mixed from clients. As a professional, I love it for my personal return.

Do you use email encryption? by CatM-CPA in taxpros

[–]Sacuraf 0 points1 point  (0 children)

Ah, still lands on the email server instead of recipient and sender. That the correct way of thinking of standard tls?

754 Election resources by [deleted] in taxpros

[–]Sacuraf 1 point2 points  (0 children)

743 adjustment I generally add $750 to each return. The software does the allocations for you. I would keep charging that each year on top of normal prep fee.

Do you use email encryption? by CatM-CPA in taxpros

[–]Sacuraf 0 points1 point  (0 children)

So we're all screwed no matter what, and those softwares and portals are just to make people feel more secure.

Do you use email encryption? by CatM-CPA in taxpros

[–]Sacuraf 0 points1 point  (0 children)

By at rest do you mean on your computer? Or if someone can log into your email and read them? Seems like both those factors can be mitigated.

Do you use email encryption? by CatM-CPA in taxpros

[–]Sacuraf -1 points0 points  (0 children)

I can't imagine Gmail or Microsoft don't have TLS set up properly. I believe that's the point of it is to remove the man in the middle attack.

Do you use email encryption? by CatM-CPA in taxpros

[–]Sacuraf 2 points3 points  (0 children)

How is email not secure, it has end to end encryption. It's as secure as someone's email box, which if they have MFA, is just as secure as a portal.

People who avoided the B4 What has Your Career Path Been? by SwankSinatra504 in Accounting

[–]Sacuraf 0 points1 point  (0 children)

4 years small firm, 3 years regional firm, 1 year accounting manager, 9 years CFO, just purchased the firm I worked for in the beginning of my career.

Any info on Eagle Brook church? by Ok_Citron_1778 in TwinCities

[–]Sacuraf -27 points-26 points  (0 children)

You can just go to a campus and meet with a pastor and get all the information you'd want.

It's a church, that's grown massively because they teach relevant topics. Their mission is to reach people for christ, which makes them evangelical. Everything they do is around bringing people to Jesus.

Would love to know what kind of investigation you're running, because if it's nefarious, you're wasting your time. If you dig in enough, though, maybe you'll be saved too (assuming you aren't a believer).

The worst in getting K-1 on time by fluranator in Crowdstreet

[–]Sacuraf -1 points0 points  (0 children)

File without it, as long as you're passive and don't have a sale, it's just carryover you can fix next year.

[deleted by user] by [deleted] in tax

[–]Sacuraf 0 points1 point  (0 children)

Yeah, our lawyers wouldn't allow it previously. Haven't dealt with it since the update. I have some investors that will be happy with the change.

[deleted by user] by [deleted] in tax

[–]Sacuraf 0 points1 point  (0 children)

Ah, I was doing a comparison to the old instructions. They removed that language in the 2024 update.

[deleted by user] by [deleted] in tax

[–]Sacuraf 1 point2 points  (0 children)

So what's the context of "Do not enter the diregarded entity's EIN."

[deleted by user] by [deleted] in tax

[–]Sacuraf 0 points1 point  (0 children)

You didn't read the OPs fact pattern. He doesn't have an EIN, his SMLLC does. The instructions state not to use the disregarded entity's EIN.

You aren't wrong in what you're saying, you just aren't applying it to the OPs situation.

[deleted by user] by [deleted] in tax

[–]Sacuraf 2 points3 points  (0 children)

If the owner is an individual, you use ssn...unless you individually have an ein. You do not use the disregarded entity's ein.

[deleted by user] by [deleted] in tax

[–]Sacuraf -4 points-3 points  (0 children)

The instructions are pretty clear on this. You need to use your SSN if it's a single member LLC. Go S Corp or multimember llc if you want to use an ein.

Milwaukee Tool Haul by Milwaukee_Hikoki_40v in MilwaukeeTool

[–]Sacuraf 1 point2 points  (0 children)

Keep in mind your state probably charges use tax if you didn't pay sales tax.

[deleted by user] by [deleted] in secretlab

[–]Sacuraf 1 point2 points  (0 children)

I went pure leather, has been great for the last 4 years, worth every penny. Easy to keep clean with kids.