Mark Burch, EA

#TaxTwitter Scenario: unmarried taxpayers who are both parents of a qualifying child and live together, historically the higher earner claims the QC and tax benefits. Would you consider switching to the lower income parent, generating EITC, and getting addtl EIP3/Stimulus?

How bad do y'all think the Post Office is gonna be today?

@ArthurJSpring Preach!

If you like it when people get mad at you for doing the right thing, you'll love being a CPA

@Taxsavvyjessica Tax Season starts 1/1, ends 12/31. 😉

Tax season is 6 weeks, not 3 months Tax season is 6 weeks, not 3 months Tax season is 6 weeks, not 3 months Tax season is 6 weeks, not 3 months Tax season is 6 weeks, not 3 months

Kiddie Tax!?!?!?!

@DailyTaxMemes Move all of the investment income to the minor children* Follow me for more great non-tax advice. *Sarcasm intended

High income w2 taxpayers with a lot of equity comp/bonus/commissions are the worst return prep segment. There’s just really not a lot of planning to be done other than for the inevitable withholding shortfall

@DailyTaxMemes @mountainwesttax I'll take it over the winding roads of Missouri, the worst roads ever in Illinois and the speed limits in Indiana any day!

This clearly implies Denver is a great midwestern city @mountainwesttax

@ajthecpa1226 So far, you have been 100% correct. Got a visit from a client who started with us in 1971 and wanted an office tour. Got a visit later in the day from two clients from AZ who were passing through and wanted stop and see me and ask some quick questions. All in days work!

Today is going to be Mondayest Monday that has ever Monday’d. Strap in folks. #Taxtwitter

@justinmilleresq Can't pay, need an extension!

This is your final weekend before the April 15 deadline to reach out to your accountant with photos of all the tax documents you forgot to give them.

@loganallec Sure, that's your prerogative.

@MBurchTax is that not publicly available information?

newest EA in the office

@AccountingAsArt SALY does!

I don't make up numbers for clients... I don't make up numbers for clients... I don't make up numbers for clients...

@LoganGrafTax #TaxHack

The “free tax advice” loophole: Don’t ask tax pros for help. Just post the wrong tax take. They’ll appear out of nowhere to correct you for free.

@AccountingAsArt Engineer

Guess the occupation: Client wanted to know why I put $ xxx on the return when the information he sent me was $ xxx.xx

@AccountingAsArt @wlthyaccountant Shit, I thought I was the rock!

@wlthyaccountant THIS IS WHY MY BACK HURTS!

I found an example of a tax accountant in nature.

Gift from a client this afternoon. They get me. The possibilities are endless! 😂. #TaxTwitter

@DailyTaxMemes C: Ok, well I will just do back-door ROTH M: Cool. Any chance you already have Traditional IRA's? C: Oh yeah, a whole bunch! M: M: M:Great

@TheNFTCPA It's trumped by Non Dividend distributions that turn out to be from a LLP for gas and oil with a $2,500 investment (in a non-retirement account)

What every Tax Pro on #TaxTwitter loves waiting for.

@TheNFTCPA It's trumped by Non Dividend distributions that turn out to be from a LLP for gas and oil with a $2,500 investment

@JillCastilla That way you don't have to pay taxes on the income, save NIIT, it's brilliant! 🤡

Can someone explain to me why anyone would maintain millions in non-interest bearing accounts?