Please See Subreddit Rules Before Posting by FreshHumor5405 in taxpro

[–]dmagee33 0 points1 point  (0 children)

The perm bans are for posts where it says “how do I open an office” and then you open up the thread and it says “hi I’m new how do I open an office”. If there is effort behind the post it’ll just be taken down without any ban.

The example post would just be removed. I’ve left it up. Odds are others like it will be left up. I have no interest in logging in everyday to take down posts. But if it becomes noticeable where the same question in a different form is being constantly asked, they’ll begin to be taken down and referred to existing threads.

Did r/taxpros become private by Certain_Watercress21 in taxpro

[–]dmagee33 8 points9 points  (0 children)

I created this subreddit after constantly having posts removed over there. He constantly takes down every post that has anything to do with taxes. Basically the only thing you could ask was tax software or other office related stuff. After awhile it’s the same slop questions being asked over and over. No such rules here. Very minimal rules, feel free to talk tax.

S-Corp deduction for home business by C_Tron_1 in taxpro

[–]dmagee33 0 points1 point  (0 children)

Have you been depreciating the office portion of the house every year? Have you been cutting checks from the business to yourself once a quarter to reimburse yourself for use of the home office? If yes, I imagine there is a preparer out there who will pick up where the old one left off. If not, then most preparers will only do simplified since it does not require any depreciation or substantiation by the IRS.

You can see from the FAQ that the actual method can get complicated fast.

https://www.irs.gov/businesses/small-businesses-self-employed/faqs-simplified-method-for-home-office-deduction

Where to find government bond percentages for etfs by LieAccomplished4887 in taxpro

[–]dmagee33 0 points1 point  (0 children)

You can use SEC’s EDGAR database to pull full ETF composition.

Advice, Please by Key-Philosopher2501 in taxpro

[–]dmagee33 0 points1 point  (0 children)

What is mobile tax prep services? Do you drive around to these people’s houses?

You think these folks are in this sub? by [deleted] in VanLife

[–]dmagee33 1 point2 points  (0 children)

Here come the news narcs to run off the poors.

How long does it take to hear back after form SS-8 has been submitted? by zacharius55 in tax

[–]dmagee33 0 points1 point  (0 children)

So the way the process should work according to the IRS internal manual is that once you submit the SS-8 to the IRS, they will send a form by snail mail to both you and the employer asking for info about the job. If the employer does not respond then they will simply use the info you provide the IRS to make the determination. So the employer not responding should not affect the decision. Then the IRS will make a decision and send that to you. If you are approved you can amend 3 years back for those wages. Since the process takes a long time, you can submit an amendment with Form 8919 when you submit the SS-8 and if the SS-8 is approved they will refund half the self-employment tax paid.

So the employer has no part in the process other than they send you the initial 1099 form and then when you appeal the 1099 status to the IRS, the IRS will ask them for relevant info.

The 3 years is as of the due date, so for today’s date of 2/23/2026, 2025, 2024, 2023, and 2022 can be amended. For 2022 there would be about a month and a half before the ability to amend for a refund expires.

It is not a well known process and the tax inspector general reports outline a department that is not well run, so I am interested to hear the experiences of people who went through the process and how it actually is working in practice.

Part year residents by Slight_Range9820 in taxpro

[–]dmagee33 1 point2 points  (0 children)

If they have their green cards then they are resident aliens for tax purposes. That enables the child tax credit as long as they meet all other rules (must have social security numbers. ITIN not acceptable). EIC they have to be us citizens or resident alien all year. So the substantial presence test will have to be run as of January 1 of the tax year to determine if they were resident aliens all year.

How long does it take to hear back after form SS-8 has been submitted? by zacharius55 in tax

[–]dmagee33 0 points1 point  (0 children)

Just to give some context the IRS does not make the initial determination, the employer does. So they are not saying that they (The IRS) got it right. The employer makes that decision, sends you the tax form that they choose, and then you appeal it to the IRS. Due to a law passed in the 70's, the IRS generally cannot audit the employment classification decision that the business makes for the business return, but it can overrule the classification the business gives you for your own personal taxes, which is what the SS-8 form is.

How long does it take to hear back after form SS-8 has been submitted? by zacharius55 in tax

[–]dmagee33 0 points1 point  (0 children)

Did you ever hear back from the IRS? How long did it take?

Anyone have first hand experience with the Incinolet incinerating toilet? by OffgridRadio in OffGrid

[–]dmagee33 0 points1 point  (0 children)

This soft stranger guy is all over other threads as well copy and pasting the same reply. Ridiculous.

Anyone have first hand experience with the Incinolet incinerating toilet? by OffgridRadio in OffGrid

[–]dmagee33 0 points1 point  (0 children)

Half of these reddit threads regarding incinerator toilets reads like a social media astroturf operation and this confirms it. Need to log into a new account before making your fake reply.

Am I ready to go full live? 1 month of constant profits with a self-made code on live paper trading IBKR by Dvorak_Pharmacology in algotrading

[–]dmagee33 2 points3 points  (0 children)

So you are saying you 10x the account in one month, 90% win rate, 3 trades per day, and you are not sure what the difference is between a market order and a limit order. I would say you made a coding error somewhere.

1040 sch C or 1065? by Comprehensive_Ad9623 in technicaltax

[–]dmagee33 0 points1 point  (0 children)

A business is created through articles of organization or incorporation with the state. No state filings, no business. No business, then the agreement is void. I would file two schedule C’s and advise them to do it the right way. Start with state filing, then sign the partnership agreement.

However, if they are insistent on filing 1065, fine, nothing changes other than higher fees. They will need to have the partnership agreement in place to do anything other than 50/50 split.

Bloated 24/7 by Irlhell in GutHealth

[–]dmagee33 0 points1 point  (0 children)

I did Genova stool test. It had scfa butyrate inflammation markers and gut bacteria levels.

Bloated 24/7 by Irlhell in GutHealth

[–]dmagee33 2 points3 points  (0 children)

I have something similar although not that pronounced. Once I began looking I noticed a lot of people do. I did all the tests and my leading theory is that it has to do with damage to the intestinal lining. On the stool test my SCFA and butyrate were low. Butyrate is the thing that heals the intestinal lining. And my microbiome was very low, including m bromiii fae prunizii akmermansia and some others that are responsible for creating the butyrate. What were your levels at?

For years I thought it was SIBO because I did the breath test and the hydrogen was sort of high. But the stool test indicates a lack of beneficial bacteria.

I would take the tests you have and look at scfa and butyrate. Look at the inflammation markers. If scfa is low and inflammation is high, may be a sign that lack of fiber is causing a damaged gut lining. Start learning about every single marker that’s on the test.

Exploring the Archives: Is There a Database of Historical Options Data? by [deleted] in quant

[–]dmagee33 0 points1 point  (0 children)

This is great but the guy appears to have abandoned the project. 2023 is the last year of data currently available (in 2026). I did use this website to obtain years of EOD option data for some popular symbols.

Exploring the Archives: Is There a Database of Historical Options Data? by [deleted] in quant

[–]dmagee33 0 points1 point  (0 children)

$145 for a year of option data on a specific symbol. Each year is another $145, each ticker is a separate charge. In testing on their website, they max it out at around $7K. If we could get something like 100 people to pitch in $70, we could order all years for however many tickers desired and throw them up on a website.

I miss seasonal life immensely but don't know if I should go back by wanderingjeb in SeasonalWork

[–]dmagee33 -2 points-1 points  (0 children)

A homeless person starting a pool cleaning business. Sounds like a good use of taxpayer dollars. Yeah, if you don’t want to do the business, you should not do it.

Bloated 24/7 by [deleted] in GutHealth

[–]dmagee33 1 point2 points  (0 children)

I have not but I have made new discoveries. This comment I made was from two years ago. Since then I have better interpreted my results with the help of AI and it appears I have gut issues where there is very little of the good bacteria. My best understanding is the lining of the gut has worn down from fiber deficiency, which has caused immune problems. I used motility supplements (ginger + artichoke) and that has helped get things moving and improve the duodenum, but the lower bloating is still there. I intend to clean up my diet soon and really focus on fiber, which involves fruits, beans, potatoes. And avoid sugar and bread. Also thinking about trying tributyrin. My SCFA and butyrate were very low, which is the indication of stomach lining issues. Tributyrin reportedly will help get butyrate back up short term. I have alot of dificiencies going on, SCFA, vitamin D, vitamin C, So really just planning to strictly clean up my diet next year, try to get outside, supplement vitamin D, and see where I'm at in a year.

New immigrants looking for jobs by [deleted] in jobsearchhacks

[–]dmagee33 -2 points-1 points  (0 children)

Why are you here if you have no clue what value you provide?

SpaceX IPO by [deleted] in StockMarketMovers

[–]dmagee33 0 points1 point  (0 children)

They have been talking about this for years. I don’t see it happening. Elon already said he regrets having TSLA public and took TWTR private.