David B Katz

@FortWayneCPA Hang in there Mike. It happens to the best of us.

I have not posted in a long time... It has been a rough 5 months... I have a pretty severe case of burnout... I have not been able to focus at all. Since I cannot focus it has made everything really hard... My focus has improved a little. I am working on getting back to my normal self... It will take time... But I am working on it... Many of you have reached out to me and I appreciate it. This is something I have to work out for myself! Better days are ahead...

@Super70sSports Barney Miller

Name a great television theme song. I’ll start:

@EmDeeEm Matt I greatly appreciate your quick response and help. Thanks!

@DavidBKatz1 No, Worthless Securities § 165(g) only applies to securities as defined by that section, so BTC does not apply. There may be an avenue under § 165(c)(2), but it depends on the exact circumstances (and he may need to still recognize the gain either way). Check out CCA 202511015

@EmDeeEm Crypto tax question. Client has a Coinbase account he can’t access. He states that he was hacked. Coinbase been unable to assist and he has filed a police report. Can we deduct the value of the bitcoin as a worthless security and take a capital loss. IRS Pub?

❄️ We are one week away from the Wayne County Polar Plunge for Special Olympics. After 25 years this will be my last plunge so help me reach my fundraising goal so I can go out on top! Thanks,

"All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible." — Frank Herbert, Chapterhouse: Dune

Let’s do something exciting in 2026! A Polar Plunge for Special Olympics.

@Matt_Pinner Lillian and Georgia Pearl

WHAT was your grandmother's name... I'm looking for a vintage girl's name. Not Betty!

@ForemanTaxLaw I’m familiar with LE getting 20 years pensions and then working for other LE agency. It’s common in Michigan too.

@DavidBKatz1 The real gig is the people who work as NYPD for 20 years then another police for for 20 years (yes, people do this) and get double pensions.

Btw, MTG is resigning in January because her pension becomes fully vested after five years of service, which will happen in January. Sucking from the government teat until the last drop.

@ForemanTaxLaw Didn’t know that. At least they work all year and do a dangerous job.

@DavidBKatz1 NYPD, actually.

Please repost this. It is time! I am ready to go to Washington DC! Why I Should Be the Next IRS Commissioner! I dropped out of college after my freshman year immediately following high school. I spent three years working minimum-wage jobs. I spent six years in the United States Navy, and I was a Reactor Operator on SSN 672. I qualified as an Engineering Watch Supervisor as an E-5. The next five years I worked as an hourly employee at a civilian nuclear power plant, a steel mill, a foundry, and a Pepsi bottling plant, and became a journeyman electrician over this time. I was a member of three different unions. I then spent four years as the Maintenance Manager at an assembly and packaging facility, where I was a member of management. I went back to college for 21 months at age 37 and earned my bachelor’s degree in business with a specialty in accounting. I later earned my MBA. I became a Certified Public Accountant in early 2007 just before I turned 40. I am the Managing Partner of a public accounting firm in Fort Wayne. We specialize in income taxes, tax planning, bookkeeping, payroll, and consulting. I personally review and sign 400 income tax returns per year. I grew up middle class, and my father retired as a field auditor from the Indiana Department of Revenue. I am a generalist and have a broad knowledge of how things work. I am a co-founder of The Collaboration Room, and I write on tax topics. My goals as IRS Commissioner are to: Work with technical experts in and outside of government to modernize the IRS. It is appalling that the IRS is still using systems that are more than 40 years old. Work with Congress to simplify the Internal Revenue Code. We have the most complicated tax code in the world, and this puts the United States at a competitive disadvantage. Coordinate with the Taxpayer Advocate and the U.S. Treasury Inspector General for Tax Administration to understand their recommendations and implement those changes that make sense. Form a deep understanding of how the IRS works, understand the problems it faces, and work with employees and managers at the IRS to streamline and improve the IRS. Our country relies on the Internal Revenue Service to collect the bulk of the revenue the federal government spends. We need to build a strong team at the IRS and stop vilifying them. Implement systems to gain constructive feedback from tax professionals and implement changes based on their recommendations. We need a modernized, streamlined, effective Internal Revenue Service and a simpler income tax code that is easier to administer. Mike Sylvester, CPA x.com/messages/22709…

Incredibly relevant to the times we live in

“If you think the world is selfish and rotten, go to the cemetery at Colleville-sur-Mer overlooking Omaha Beach. See what one group of men did for another on D-Day, June 6th, 1944.” — Andy Rooney

BREAKING: Fareed Zakaria just gave a masterclass on everything that’s wrong with Donald Trump’s second term policies. This is incredible.

Michigan State Police trooper Jacob Lewis will head to Italy on Feb. 25 to help deliver the Flame of Hope to the 2025 Special Olympics Winter Games. lansingstatejournal.com/story/news/loc…

Wayne County Plunge for Special Olympics- VBFD making progress through 10” of ice. Back to the old school of plunging!!!

Check out my fundraising page - classy.org/fundraiser/597…. Tomorrow is the big day! Please donate