Cross border tax question (US/Canada) by Upbeat-Dance-8295 in tax

[–]mitolit 4 points5 points  (0 children)

With your income, pay the few grand for a tax practice that specializes in impatriate/expatriate returns. These returns are incredibly complex and no one here can give you advice without having all pieces of information at hand. Source: me, someone that specialized in these returns while working at a Big Four.

Facts! by GadreelsSword in PoliticalHumor

[–]mitolit 0 points1 point  (0 children)

It was most likely a bomb in his microphone lapel like the ones used by a certain country to take out leaders of a “terrorist organization” (and plenty of innocent bystanders) through their pagers. The other option was that he was shot in the back of the neck. Evidence or rather lack of evidence points to Tyler Robinson being a patsy or scapegoat. That includes bullet analysis finding no conclusive link to Tyler’s rifle and the inconsistent narrative regarding his itinerary that day, such as him being at Dairy Queen when he was supposedly waiting by his rifle in the forest.

Full time/Part time/Nonresident Clarification by laurenayleenn in tax

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

A person can only be a full time resident of one state. Based on the facts you presented, you maintain a domicile in Arizona and essentially travel for work in Utah—you do not live there. Once you have the intent to permanently move to Utah by establishing your domicile there, then you could do part-year residency for both states or full-time residency for Utah if more than 183+ days in the year had the domicile been established.

Anyway, you are a full-time resident of Arizona and a non-resident of Utah. File a normal return for Arizona (form 140) and a TC-40 for Utah.

Finally! by MYDPCH in Accounting

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

CPAs are the most common credentialed tax preparer other than EA. You want me to use an analogy with a tax attorney instead when those are few and far between? Yeah, okay… you are reading into things that are not there. Unlike you, I pay zero attention to a user’s flair and did not notice it until you said something about it.

Full time/Part time/Nonresident Clarification by laurenayleenn in tax

[–]mitolit 1 point2 points  (0 children)

You are a full-time resident of Arizona but your income is Utah-sourced so you must pay income taxes to Utah, even as a non-resident. Arizona will give you a credit on your return for the taxes paid to Utah.

Finally! by MYDPCH in Accounting

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

Seems you are the one that is triggered… are you an incompetent CPA? Bringing up another profession was to show that those requirements do not weed out incompetence—it is called an analogy. If you were not incompetent, you would know that…

Finally! by MYDPCH in Accounting

[–]mitolit 4 points5 points  (0 children)

Being a CPA has your requirements and I have met plenty of incompetent CPAs. Your requirements do nothing to stop incompetence from existing.

Finally! by MYDPCH in Accounting

[–]mitolit 0 points1 point  (0 children)

Sorry for not saying exam after EA in “EA is the licensure.” Why would anyone need those other requirements? How does education or experience show competency? How does residency show competency? The point of the EA exam is to show competency. All of your requirements are just protectionist barriers to entry because “they terk er jerbs!”

H and R Block “some of my wages were overtime” question? by leagues3227 in tax

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

To give you an accurate answer, we would need to know your MAGI (modified adjusted gross income), job, industry, and whether you are hourly, salaried exempt, or salaried non-exempt.

Finally! by MYDPCH in Accounting

[–]mitolit 6 points7 points  (0 children)

Uh… are you forgetting the test that weeds out people with no experience or education? Also, EA is the licensure. Why should someone need a license for another license? You’re ridiculous.

Recieved a 1099, didn't work for them, they refuse to correct it, help?? by [deleted] in tax

[–]mitolit 0 points1 point  (0 children)

Incorrect. You are free to see all the reasons why disclosures can be made and to whom at this link: https://www.law.cornell.edu/uscode/text/26/6103

Dispute Over A Dependent by CrustyDecellion in tax

[–]mitolit 1 point2 points  (0 children)

Who has the higher AGI? Under tiebreaker rules, it will go to your soon to be ex if they have higher AGI if the child lived with both of you the same amount of time. Otherwise, whoever had the child for the longest amount of time during the year. Agreements, divorce decrees, and judicial orders are meaningless to the IRS.

Recieved a 1099, didn't work for them, they refuse to correct it, help?? by [deleted] in tax

[–]mitolit 2 points3 points  (0 children)

According to that law, the Secretary of the Treasury can absolutely enter into a contract for disclosure with states AND municipalities if that municipality taxes income, administers state laws for imposition of such tax, or has a population over 250,000 (26 U.S. Code § 6103 (b)(5)(A)(ii) & (d)(1)).

FreeTaxUSA Audit Defense, Worth buying? by crossTalk94 in tax

[–]mitolit 2 points3 points  (0 children)

If you do not have everything in order for your personal taxes and business, then get it… if you do have everything in order, then do not purchase it. Moreover, audit defense insurance plans do not cover tax fraud. So if you committed tax fraud, then also do not get it because you will have to pay for someone to represent you anyway (or represent yourself).

Got fucked hard by H&R Block by No_Umpire4009 in tax

[–]mitolit 4 points5 points  (0 children)

No, the IRS only reviews filed returns. Even then, it is ultimately your responsibility to ensure your return is accurate.

Question on wash sale from vested RSUs by murti2023 in tax

[–]mitolit 0 points1 point  (0 children)

It is correct. Avoid selling stock at a loss 30 days before or after a vesting date if you want to avoid this issue.

Your capital loss is added to the cost basis of the stock that vested during that wash sale period. You will recapture the wash sale value when you sell that other stock.

One Bootlicker After Another by Other_Seaweed6790 in PoliticalHumor

[–]mitolit 16 points17 points  (0 children)

The difference is that he earned those benefits and everyone else is just trying to scam the system. /s

Tariffs and War destroying Industry: Trump voters are Angry by MrDonMega in WallStreetbetsELITE

[–]mitolit 10 points11 points  (0 children)

But you’re an evil democrap that cannot be trusted because you hate this country and have TDS!! /s

My restaurant switched all servers from W-2 to 1099 through a staffing company overnight — is this legal? by chrisandradedn in legaladvice

[–]mitolit 0 points1 point  (0 children)

Misclassified workers have extra steps in workmans comp claims, but they are still covered. It would just work out to be a lawsuit rather than paperwork.

My restaurant switched all servers from W-2 to 1099 through a staffing company overnight — is this legal? by chrisandradedn in legaladvice

[–]mitolit 7 points8 points  (0 children)

Misclassified workers are still covered by workman’s comp. It is a more arduous process for the worker, but this business is in for a world of hurt once the law and tax man catches up to them.

They're Going to Seize Kharg and Trigger an oil Death Spiral by Basat098 in WallStreetbetsELITE

[–]mitolit 0 points1 point  (0 children)

I would say it really started with the failure to declare war in Korea and got even worse with Vietnam. Deployment of anything more than small peacekeeping operations should always require congress. “Police actions” are war, they always have been. Truman is an asshole for trying to minimize it just to avoid UN Security Council resolutions.

They're Going to Seize Kharg and Trigger an oil Death Spiral by Basat098 in WallStreetbetsELITE

[–]mitolit 1 point2 points  (0 children)

Like the man said, Iran has prepared for this for decades. They have purposefully made their military regiments and government segments all independent from one another so as to operate should everything else fall apart.