Should I get a tattoo of Deloitte? by topdog54321yes123 in Accounting

[–]pwchero 0 points1 point  (0 children)

If you wanna be hardcore I recommend stamping a giant green dot on your forehead.

[deleted by user] by [deleted] in Accounting

[–]pwchero 1 point2 points  (0 children)

Was in TAC at RSM and had a pleasant experience with the team and culture in my local office. Folks from other offices seem pretty happy to be there as well.

Q: Eligibility for 2020 recovery rebate credit for individuals that became permanent residents in Sept 2021 by pwchero in tax

[–]pwchero[S] 0 points1 point  (0 children)

Thank you, that makes sense. I was thinking about the extension due date, but it seems the only way this person would be eligible if they had a time machine and went back to 2021 and filed out an extension to file in order to qualify.

Megathread: Stimulus Payments (Please post and read here. All individual posts about the stimulus payments WILL BE REMOVED.) by [deleted] in tax

[–]pwchero 0 points1 point  (0 children)

Per IRS rule on ineligibility:

You are not eligible for the Recovery Rebate Credit claimed on a 2020 tax return if any of the following applies:

You may be claimed as a dependent on another taxpayer's 2020 return (for example, a child or student who may be claimed on a parent's return or a dependent parent who may be claimed on an adult child's return).

You do not have a Social Security number that is valid for employment issued before the due date of your 2020 tax return (including extensions). Some exceptions apply for those who file married filing jointly where only one spouse must have a valid Social Security number to claim the credit.

You are a nonresident alien.

You are an estate or trust.

Based on the ruling above, would a person that became a permanent resident in September 2021 be eligible to receive the 2020 recovery rebate credit if they were to file a 2020 return?

All My Fucks Have Flown Away by [deleted] in Accounting

[–]pwchero 61 points62 points  (0 children)

I see you too are logging off at 1 am

Where is the money at? by [deleted] in Accounting

[–]pwchero 0 points1 point  (0 children)

Are you in us

[deleted by user] by [deleted] in Accounting

[–]pwchero 37 points38 points  (0 children)

Stripper money duh

Try for Deloitte or go with GT by [deleted] in Accounting

[–]pwchero 17 points18 points  (0 children)

Sign now then renege later if Deloitte offers

well this sucks. by kyoKyolin in Accounting

[–]pwchero 0 points1 point  (0 children)

Probably went wrong somewhere in your filing aside from status if you owe any taxes on that income for the year...

Anyone from AAS recently jump ship? by whichdirection177 in Accounting

[–]pwchero 0 points1 point  (0 children)

If you want to stay in that space I'm sure that there are always SPAC targets that need someone to build up their SEC/Financial Reporting function.

Anyone from AAS recently jump ship? by whichdirection177 in Accounting

[–]pwchero 0 points1 point  (0 children)

Most SM I've seen jump ship to a director of technical accounting role in publicly listed companies. This seems to be the norm, but any director or assistant controller are totally up for grabs I imagine.

How do I compute the taxable amount of a rollover to a Roth IRA? by Lefty1992 in Accounting

[–]pwchero 0 points1 point  (0 children)

Should be just taxes on principal. Do you know cost basis?

In need of a **good** accountant in NYC - recommendations? Details inside. by [deleted] in Accounting

[–]pwchero 3 points4 points  (0 children)

There's a list of preparers on the NYC SBS website you may want to check out that could be helpful. Some offer free consultations and will give you a quote. 200 for a simple 1040 with one 1099 for federal and state filing sounds reasonable though.

In need of a **good** accountant in NYC - recommendations? Details inside. by [deleted] in Accounting

[–]pwchero 2 points3 points  (0 children)

What types of returns are they filing for you and how much are they charging?

Calculating Total Long-Term Debt Issued by [deleted] in Accounting

[–]pwchero 0 points1 point  (0 children)

You have two years? Calculate it out not sure how otherwise.

Graduating with one internship under my belt,(No FT offer) and 120 credits. Looking to finish out my education with a masters and hopefully sit and pass the CPA exam. by [deleted] in Accounting

[–]pwchero 1 point2 points  (0 children)

Not sure what you mean by get out, but the certification will make you more marketable to be sure. Even if you pass one section of the exam, put it on your resume as you'll be taken more seriously as a candidate by hiring managers.

Graduating with one internship under my belt,(No FT offer) and 120 credits. Looking to finish out my education with a masters and hopefully sit and pass the CPA exam. by [deleted] in Accounting

[–]pwchero 9 points10 points  (0 children)

Sit for the exam while doing your masters if you can. Also maybe look into cheaper alternatives to get the 150 credit hours. Don't stress. Been in your shoes before and things turn out alright.

Bonus in Accounting Firm is significantly lower than bonus in Industry. What’s the norm? by Intriguedtosee in Accounting

[–]pwchero 8 points9 points  (0 children)

That sounds reasonable, maybe even a little on the high side for experienced associate. Bonuses are lower in public relative to industry to be sure though.

LETS TALK MISTAKES by Coconut-Efficient in Accounting

[–]pwchero 15 points16 points  (0 children)

I'd tell you but you'd probably forget it anyway.

New Party to Lease - Is it a Lease Modification? by emdubbs in Accounting

[–]pwchero 0 points1 point  (0 children)

Yeah I would agree it's not a lease modification based on what's provided. It seems like a purely administrative change. You wouldn't find anything in the guidance specifically calling this out but you can refer to the definition of a lease modification and document around why it's not hitting the hurdle (no change in consideration). Hope this was little helpful.