Munchy

@colingladden All the analysis shows 80% of filers saved money, 15% were about even, and 5% of people paid more under the Tax Cuts and Jobs act. But there's no reason for your taxes to increase each year as the rates haven't changed.

@cmunchhof My taxes have gone up 4% every year since the Trump Taxes were instituted.

It's amazing how many people just look at their refund or what they owe when they file, but never look at what they actually paid in taxes.

@PurpleCoop2233 @10oh3point1 The real numbers are more like $1,500-$5,000 per year. But very few people did not save money under the Tax Cuts and Jobs Act and with the additions of the OBBB cuts, even more people are saving.

@nyoungdumb @LoganGrafTax Uploads half their forms, emails three others in three separate emails, texts another. Sends notes on another email. They e-sign the return, but the spouse never does. "When will I get my refund??"

@LoganGrafTax My clients who text me pictures:

You know who gets their tax return filed faster? People who use the proper channels to upload their documents and schedule appointments.

@theficouple Trapped? Like no one has ever needed to move before.

Spoke with a couple from Columbus, OH. They paid $280k for a home in 2020 & that home is now $475,000. They got a 30 year, 3.75% mortgage. They now have 2 kids, need more space but a new home doubles their housing costs. ...They're trapped & millions are in this situation.

For me it requires more overall on time if I do that. If I know 80% of my clients are already filed by April 15th, I'm much more comfortable frequently going to an out of office status. But if I knew 50% of my clients were still needing me to file for them, I'd need to remain available more days. I have MANY weeks after tax season where I work less than 10 hrs. I used my off time to build this last year:

@cmunchhof @Taxsavvyjessica Would rather work normal hours in tax season and then 25 to 30 the rest of the year

No one can convince me that working 55-65+ hours a week during the “busy season” is good for your health or your family for the trade off of a 40 hour workweek in the off-season.

It's not as bad as it sounds. I still have a pretty good balance. I drop off and pick up my son from school everyday and still eat dinner at home with the family and I'm off every Sunday. I enjoy the challenge in a way. It's not something I'll do forever though. I think for me a big part of it is not wanting to deal with a lot of extended filers. I'd rather not have to go to the office for just one or two appointments in a day which is what happens when I have a lot of extended returns.

@cmunchhof That’s insane! I wish for you to work fewer hours.

@daddykopitar Hiller really was that bad of a coach, I hope it's as simple as that. (Warren Foegele turned his game around as soon as he got away from him too).

Byfield continues to produce. He is good enough of a player. He just has to figure out his consistency. Reminds me of Kempe 5-6 years ago

@BarbellFi You want to buy a part time job?

So tempted to sell my house for $800k Mortgage is paid off so it’s 100% equity Thinking to buy 4 duplexes $200k each I’d pay all cash for every single one Live in 1 duplex while collecting rent I’d never have to work again 😳

Yes. The rate lock distorted the market. Most people sell their home because they need too not just because they are bored and want to move. They have to relocate, need the cash, going into a nursing home, etc. These sales can't be delayed forever. In the city I live in (Loa Angeles suburb), any home being sold today that was bought in 2021 or later is being sold at a loss.

I agree with this partly because think there's a piece missing. Prices didn't crash in 2022 because existing homeowners refused to sell at lower prices since they were locked into 3% mortgages, which created artificial scarcity rather than true market strength. We're seeing the same dynamic now where inventory stays tight and I don't think it's because demand is strong but because supply is frozen by rate lock in. That's not the same as healthy fundamentals and it sets up a different kind of problem down the road when those homeowners eventually have to move and realize the market won't support the prices they've been anchored to for years.

In 2022, people predicted a 30% crash in home prices. Economists. Headlines. Social media. The fear was everywhere. It never came. Why? Because the fundamentals weren’t broken. There was no surplus of inventory flooding the market. No toxic loans unraveling. No overleveraged homeowners walking away. Just rate shock. And rate shock alone does not crash prices. We are living through the same fear cycle right now. Rates are moving fast. The headlines are loud. And people are scared again. I understand that fear. It is real and it makes sense when you are watching numbers move this quickly. But fear is not data. When I look at what is actually in front of us today, tight inventory, equity-rich homeowners, and qualified buyers still trying to get into the market, I see a flat line. Not a crash. A flat market is not a failure. It is stability. And for buyers who have been waiting on the sidelines hoping for a collapse that the data does not support, waiting may cost more than moving forward. You do not have to have it all figured out. You just need someone in your corner who is paying attention. That is what I am here for. With 22 years of mortgage banking experience, I look forward to serving you.

@Taxsavvyjessica @JustJillEats Occasional?? 🤮

I work 30 hours a week year-round. I don’t follow busy season or off-season “rules.” I stumbled across a video on TT of a CPA claiming working 55-65 hours a week during busy season was great for his work-family balance because he could take an occasional Friday off in the off-season. That sounds awful. I’m sure his wife and kids wouldn’t agree.

The slightly informed tax client. "I know you can't donate more than $500 to Goodwill at a time, so I made 30 donations on different days of less than $200 each." Does anyone know a form 8283 hack for this so I don't need to fill in 8 pages??

@bsuecannon Disengage ASAP 🤣

Client (who I really like) brings tax docs to office (and also uploaded them (I asked him to please do one or the other but not both in the future) and he brought a 3-ring notebook with every tax projection and email I've sent him the last 3 years. 👀

@adammarkowitzEA $1 dollar in every box.

It's all fun and games until the Energy Partners K-1 shows up. #TaxTwitter

@AndrewOakleyCPA I have a long list of letters I'm sending this year. Tired of all these games.

My patience has been destroyed. Is it professional to send a disengagement letter for 2026 attached to the 2025 8879? #TaxTwitter

@Chucks_BTC @Venuseswilliams @alexisohanian It's because EVERYONE overcooks the turkey.

@Venuseswilliams @alexisohanian Me at Thanksgiving talking about the turkey conspiracy after one too many cordials Alexis is 100% correct. I’m glad people are waking up to this

“I’ll eat the turkey… but no one is out here craving turkey.” 😅@alexisohanian with one of the most unexpected debates from this week’s episode of @stocktonstpodcast out NOW.

@silba_one @ProducerDrew_ Hard to see from this angle, but when they showed the replay from near the goal line, it was clear the puck was constantly moving forward.

@ProducerDrew_ I'm with you, puck is not always going forwards towards the goal

This goal by Panarin to lob it over Wolf was awesome…but was he not going backwards at the end?

@finance4urneeds @ProducerDrew_ The puck was moving forward.

@ProducerDrew_ Definitely no continuous forward motion which is required

@CPATaxTeam DaFuq?

We’ll have both kids in college next year. It will be nearly $100k/year. We’re happy to be their supplemental scholarship to better their lives. I can’t imagine a kid of a FIRE parent knowing mom and dad thought retiring on a $60k of annual expenses was sufficient and now can’t attend a school of their dreams because their parents didn’t want to work in their 40’s. Life is about legacy and relationships.