Patrick Murphy, Enrolled Agent

27.2K posts

Patrick Murphy, Enrolled Agent banner
Patrick Murphy, Enrolled Agent

Patrick Murphy, Enrolled Agent

@TaxPro10018

Enrolled Agent. Fifty-one years of tax professional experience. Intuit Expert Lead https://t.co/a58zoXs9xt

Illinois Katılım Ağustos 2010
3K Takip Edilen3.2K Takipçiler
Sabitlenmiş Tweet
Patrick Murphy, Enrolled Agent
Ten questions about Income Taxes? Here are ten potential questions about income taxes: 1.) What is an income tax and how does it work? 2.) How are income tax rates determined? 3.) What is the difference between a progressive tax and a regressive tax system? 4,) What are the main types of income that are subject to tax? 5.) What is the difference between gross income and taxable income? 6.) How can deductions, credits, and exemptions reduce my income tax liability? 7.) What is the process for filing an income tax return? 8.) What happens if I make a mistake on my income tax return or fail to file it on time? 9.) How can I adjust the amount of income tax that is withheld from my paycheck? 10.) What is the role of the Internal Revenue Service (IRS) in income taxation? While your friends, gardeners, bartenders, barbers
English
20
66
432
14.7K
Patrick Murphy, Enrolled Agent retweetledi
DonaldBest.CA * DO NOT COMPLY
Take a 102-year-old man from his home in Canada and you risk never seeing him alive again. That’s the MAID reality families fear. @OPP_News show up in Tillsonburg with a court order. Son: “Not opening the door. Break it if you have a warrant. It’s under appeal.” The father is clear: he’ll die where he chooses. He sounds clear and rational to me. The dispute? Sister wants the farm. Father wants to stay. She alleges dementia, son says he is clear and rational. Police are caught in the middle. But enforcing a Thursday night order on Good Friday with no time for legal response is dirty pool. In the end the officers leave because they are not going to kick down the door and the son knows it. The son also says he doesn't trust the police or the courts. These days, I don't blame him at all.
English
2.3K
12.3K
43K
2.1M
Patrick Murphy, Enrolled Agent retweetledi
Deborah Fox, CPA
Deborah Fox, CPA@DebFoxFinancial·
"Gig worker #taxes aren’t for the faint of heart. Reporting can be complicated since you’re responsible for taxes that would normally be figured for you by an employer." Self-employment (SE) #tax of 15.3% is how gig workers pay into Social Security/Medicare.
Kelly Phillips Erb@taxgirl

Gig work is flexible. Gig taxes? Not so much. No 1099 doesn’t mean no reporting—and some new deductions sound great… until you realize there are rules attached. It’s one of those “simple until it’s not” situations. Here’s what to know: 
forbes.com/sites/kellyphi…

English
1
2
4
249
Patrick Murphy, Enrolled Agent retweetledi
IRSnews
IRSnews@IRSnews·
An #IRS reminder: Taxpayers who have filed their taxes and need more time to pay a balance may qualify for a payment plan. Learn more and check if you're eligible to apply: irs.gov/paymentplans
IRSnews tweet media
English
1
2
3
1.2K
Patrick Murphy, Enrolled Agent retweetledi
IRSnews
IRSnews@IRSnews·
Time’s running out to claim your refund from tax year 2022. The #IRS estimates the median refund amount is $686 for 2022, and that doesn’t include applicable tax credits. Don’t forget to file by 4/15 so you don’t leave money on the table: ow.ly/ofgo50YxHlt
IRSnews tweet media
English
1
5
8
1.4K
Patrick Murphy, Enrolled Agent retweetledi
Kelly Phillips Erb
Kelly Phillips Erb@taxgirl·
In September, taxpayer requested an installment agreement (it could not be processed online). IRS responded today, 195 days later. They want more info. They are giving us 14 days to respond. It took five days for the request to reach us from Philly. 🙄
English
12
3
62
4.3K
Patrick Murphy, Enrolled Agent retweetledi
IRSnews
IRSnews@IRSnews·
It’s time to outgrow our paper phase. We’re transitioning to fully electronic payments both to and from the #IRS, because using direct deposit and other secure electronic options improves speed, accuracy, and security. Learn more at: IRS.gov/modernpayments
IRSnews tweet media
English
2
5
10
1.4K
Patrick Murphy, Enrolled Agent retweetledi
Polymarket
Polymarket@Polymarket·
JUST IN: IRS guidance reminding drug dealers & thieves they must report their income goes viral, as tax season approaches in the US.
Polymarket tweet mediaPolymarket tweet media
English
190
286
1.5K
217.8K
Patrick Murphy, Enrolled Agent retweetledi
IRS Tax Pros
IRS Tax Pros@IRStaxpros·
#TaxPros: The tax preparer toolkit contains important info and resources to help you stay compliant throughout the filing season and beyond. The toolkit also contains resources to share with clients. Learn more: irs.gov/toolkit
IRS Tax Pros tweet media
English
0
2
3
1.2K
Patrick Murphy, Enrolled Agent retweetledi
IRSnews
IRSnews@IRSnews·
#IRS reminder: Filing electronically is easy, safe and the most accurate way to file taxes. Avoid unnecessary paper processing delays: irs.gov/efile
IRSnews tweet media
English
2
1
7
967
Patrick Murphy, Enrolled Agent retweetledi
SMX 🇺🇸
SMX 🇺🇸@iam_smx·
Alexandria Ocasio-Cortez: "Elon Musk is not a scientist, he’s not an engineer, he’s a billionaire conman with a lot of money" Elon Musk: "Point of correction... Its Trillionaire now, starts with a T not a B" F*cking legend 😎
English
382
1.8K
26.9K
1.5M
Patrick Murphy, Enrolled Agent retweetledi
IRS Tax Pros
IRS Tax Pros@IRStaxpros·
#TaxPros: Use your Tax Pro Account to easily manage authorized relationships with your clients and streamline the filing process. Get started today: irs.gov/taxproaccount #IRS
English
0
3
3
1.4K
Patrick Murphy, Enrolled Agent retweetledi
IRSnews
IRSnews@IRSnews·
IRS Free File can support several different types of returns, from simple to complex ones that include credits, deductions or business expenses. youtube.com/shorts/DgWjBXh…
YouTube video
YouTube
English
2
4
4
1K
Patrick Murphy, Enrolled Agent retweetledi
greg
greg@greg16676935420·
If you’re working on your taxes this week don’t forget to report your income from illegal activities and stolen property
greg tweet media
English
1K
2.8K
28.5K
1.9M
Patrick Murphy, Enrolled Agent
Gig economy workers can reduce their tax bill and keep more of their income, because of provisions in the One, Big, Beautiful Bill. What is gig economy? The gig economy is an activity where people earn income for on-demand work, services or goods. Often, it’s through a digital platform like an app or website. Some examples include providing rideshare or delivery services, renting property, or selling goods online. #EnrolledAgent irs.gov/newsroom/filin…
English
0
0
0
11
Patrick Murphy, Enrolled Agent retweetledi
IRSnews
IRSnews@IRSnews·
If you need more time to file your taxes, request an extension from the #IRS and pay any tax you owe by the April 15 filing due date. Learn how at: irs.gov/extensions
IRSnews tweet media
English
3
5
9
1.1K