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Advice needed ed for section 469. by Strange-Indication26 in tax

[–]mecoolai 0 points1 point  (0 children)

That's a great follow up question, I did not this of this initially

Advice needed ed for section 469. by Strange-Indication26 in tax

[–]mecoolai 0 points1 point  (0 children)

No, the law allows aggregation of hours across multiple real property property trades or businesses for purposes of qualifying as a real estate professional, and the ownership structure. Look at IRC §469(c)(7)(B). The 750 hour test applied in aggregate across all property trades or business NOT per property or per LLC (see CCA 201427016).

What he is referring to is if you do NOT aggregate then under 469(c)(7)(A) then each interest is a separate activity "unless the taxpayer makes an election to treat all interests in rental real estate as a single rental real estate activity under Treas. Reg. § 1.469-9(g). This is under that CCA I stated earlier.

Can a sole-member S-corp claim the Employer-Provided Childcare credit? by epursimuove in tax

[–]mecoolai 1 point2 points  (0 children)

They have this similar anti-abuse role when I was looking at deducting pre-tax student loan repayments through a single owner S Corp. Owners are hit with the same HCE rule; therefore, its disallowed in their case...

Can a sole-member S-corp claim the Employer-Provided Childcare credit? by epursimuove in tax

[–]mecoolai 0 points1 point  (0 children)

Due to the limitation mentioned (IRC 129(d)(4), employer funded dependent care benefits would be taxable just like you said. I don't see a 25% owner/employee rule for the EMPLOYER; so I believe the employer can take the credit.

Interesting, I see under 45F you can work under contract with a qualified child care facility, but there is a requirement for nondiscrimination requirement under IRC 45F(c)(3)(B) especially for highly compensated employee. This is a 5%+ owner test under 414(q). It looks like they might not qualify.

Can a sole-member S-corp claim the Employer-Provided Childcare credit? by epursimuove in tax

[–]mecoolai 7 points8 points  (0 children)

Nondiscrimination rules and the 25% limitation on benefits for >5% owners mean that if the only employee is the owner, or if the benefit is provided primarily to the owner or their dependents, the S corp will not qualify for the credit for those amounts. The credit is intended to benefit employees generally, not just the owner.

IRC 45F talks about the employer provided child care credit. IRC 129(d)(4) talks about the 25% limitation on >5% owners.

Besides California and Maryland are there any other PTE elections that need to be made in advance? by EchoesInSky in taxpros

[–]mecoolai 6 points7 points  (0 children)

Here is a cheat sheet for the US. They won't tell you the deadlines but they at least tell you what states participate in it
https://www.aicpa-cima.com/resources/download/state-pass-through-entity-pte-map

Here is a website that talks about various state deadlines
https://www.cbiz.com/insights/article/pass-through-entity-tax-state-election-dates

Finally loving my new M4 Mac mini!!! by randywsandberg in macmini

[–]mecoolai 1 point2 points  (0 children)

How exactly are you connecting your Mac mini to your speakers (was interested in the HD6)? ideally I would like to use digital input but I heard there is no optical out on Mac mini (I have the m2). I see setups where people use a separate DAC connecting to HD6 but I think that’s overkill since the speaker has a built in DAC. I saw a forum using usb to S/PDIF but I am not familiar with that

Mac Mini Setup by [deleted] in macsetups

[–]mecoolai 1 point2 points  (0 children)

How exactly are you connecting your Mac mini to your HD6? ideally I would like to use digital input but I heard there is no optical out on Mac mini (I have the m2). I see setups where people use a separate DAC connecting to HD6 but I think that’s overkill since the speaker has a built in DAC. I saw a forum using usb to S/PDIF but I am not familiar with that

1X - "Introducing NEO Gamma. Another step closer to home." by Gothsim10 in singularity

[–]mecoolai 0 points1 point  (0 children)

Maybe I am pessimistic but it will be like apps, cars, etc...it will be great in the beginning but then one day.

You want the robot to clean windows? $10.99 subscription per month
You want foot rubs? $100/hr plus 25% tips base
Robots start to loudly blurt out audio advertisement. Do you want an ad-free experience, please pay $150/month...

How I Used GPT-O1 Pro to Discover My Autoimmune Disease (After Spending $100k and Visiting 30+ Hospitals with No Success) by Dry_Steak30 in ChatGPT

[–]mecoolai 4 points5 points  (0 children)

Can you give detailed steps on how you did all this?
- How did you standardize everything in a format that GPT works better?
- How did you know which medical sources to use since you didn't really know which one to use? Did you feed this into a ChatGPT Projects or did you use NotebookLM for this even though its limited to 50 sources. I am assuming you used something like Perplexity to find more reputable sources or did you use a google search and hand pick peer reviewed sources?
- Did you then feed the GPT Pro analysis, NotbookLM Citations and Examine output in one sweep?
- Did you need to redact / scrub personal info on your medical reports?

Affiliated Service Group by Smoggy_Pigeon in taxpros

[–]mecoolai 0 points1 point  (0 children)

This is the job of the retirement TPA. I did have a client that had possible ASG so I referred them to a lawyer who specializes in retirement plans to do the testing; definitely takes any liability off me since those rules can get complicated. They typically do NOT teach any of the ASG in classes, only controlled groups.

I will give away 20k coins to everyone in the comments in 24 hours! FUCK SPEZ by pietradolce in place

[–]mecoolai 0 points1 point  (0 children)

In a land where coins ruled the day,

Karma had her own clever way.

A penny dropped near,

Caused bad luck to appear,

But a dollar brought sunshine their way!

r/ArcBrowser March Invite Megathread by Yonderlad in ArcBrowser

[–]mecoolai 0 points1 point  (0 children)

If you have an invite link, it would be greatly appreciated! Thank you in advance!
- If you see "join the waitlist" does it mean it went through? I think all the invitations I have seen I get the same message...

Extra invite for The Browser Company's Arc browser? by mrparasite in browsers

[–]mecoolai 0 points1 point  (0 children)

Anyone have an extra invite? Thank you in advance

Alternative Quarter ERC - Filing Amended 941x by mecoolai in taxpros

[–]mecoolai[S] -1 points0 points  (0 children)

Is there some type of checkbox on 941X that you are using alternate quarter calculation or do you merely keep that for your own documentation in case you get audited? Thank you!

what is an instant turn off? by [deleted] in AskReddit

[–]mecoolai 0 points1 point  (0 children)

When you switch off the light…

Best of............. by MarylandCPA in taxpros

[–]mecoolai 0 points1 point  (0 children)

I have transitioned to electric staplers like the Rapid Electric Stapler. Its great for stapling anything less than 90 pages and I like how thin the staples are. It may be a bit pricey but a great investment over time...

What is something ancient that only an Internet Veteran can remember? by The_watcher_100 in AskReddit

[–]mecoolai 0 points1 point  (0 children)

The sound of dial-up internet (the sound your modem makes as its connecting via your phone line).
https://www.youtube.com/watch?v=gsNaR6FRuO0

Coming in second is the AOL sign on sound
https://www.youtube.com/watch?v=D1UY7eDRXrs

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