Derek Lamle

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Derek Lamle

Derek Lamle

@d_lamle

Collector of Memories. Encourager of growth. Friend to many. CPA by day, but please, don't assume it's because Im good at math. I’m just good with Excel

Katılım Eylül 2011
517 Takip Edilen936 Takipçiler
Derek Lamle
Derek Lamle@d_lamle·
X is an interesting place This tweet doesn’t get a single reaction But a one about a silly tax form gets a lot Cheers to more upsets #MarchMadness
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Derek Lamle
Derek Lamle@d_lamle·
Unlike gas prices… The next 48 hours….. Corporate productivity will be low #MarchMadness
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Arman Jovic
Arman Jovic@PDTScouting·
Huntington's 6'11 Kaden Johnson is transferring, he will be looking for the opportunity to play at the D1 level for his final year of eligibility. Johnson a 6-11, 200 pound RS Junior, averaged: 17.2 PPG 11.6 RPG 2.6 APG on 63.6% FG on the season Extremely skilled, smart, versatile and fluid. Johnson offers a fun blend of post-play and playmaking that could scale up at any level. One of the top non D1 prospects in the market. (@Kaden_Johnson24)
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Matt Gottshall, CFP®, ECA
Matt Gottshall, CFP®, ECA@matt_gottshall·
Tax return back for review end of last week and caught the biggest opportunity/mistake thus far Started working with a high earner (single) not long ago who is using our tax partner this year In reviewing this return, they benefitted greatly from the SALT deduction being raised, and I also saw that $16,000 of mortgage interest was being deducted Admittedly I should've caught this in 2025, but as I was reviewing the summary and the 2024 comparison, I noticed that they took the standard deduction in 2024 and dug even further and saw the same was done in 2023 House was purchased in 2022, which means in both of those years, they would have paid *more* in mortgage interest than they did in 20254 — well above the standard deduction on their own, before you even add in anything else Means they should've itemized in 2023 and 2024, and would've saved thousands in taxes in a high bracket It sucks when things are not done right, but a great feeling to find them. Going to work on amending with the tax team after 4/15 Who knows if this would've ever been caught... and a great example of WHY we review tax returns
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Derek Lamle retweetledi
Dr. Lemma
Dr. Lemma@DoctorLemma·
19 years ago, a high school basketball coach put his team manager into a game for the final four minutes. The kid had never played a single minute of competitive basketball in his life. He scored 20 points. Jason McElwain was diagnosed with severe autism at age two. He didn’t speak until he was five. He couldn’t chew solid food until he was six. He wore a nappy for most of his early childhood. As a baby, he was rigid, wouldn’t make eye contact, and hid in corners away from other children. He tried out for his school basketball team every year and got cut every time. Too small. Too slight. Barely 5’6 and about 54 kilograms. But he loved the game so much that his mum called the school and asked if there was any way he could be involved. The coach created a team manager role for him. For three years, McElwain showed up to every practice and every game. He wore a shirt and tie on match days. He ran drills, handed out water, kept stats, and cheered every basket like he’d scored it himself. On 15 February 2006, the last home game of his final school year, the coach let him suit up in a proper jersey and sit on the bench. With four minutes left and a comfortable lead, the coach sent him in. His first shot missed. His second missed. Then something shifted. He hit a three-pointer. Then another. Then another. His teammates stopped shooting entirely and just kept passing him the ball. He hit six three-pointers and a two-pointer. 20 points in four minutes. The highest scorer in the game. When the final buzzer went, the entire crowd rushed the court and lifted him onto their shoulders. His mum tapped the coach on the shoulder, in tears. “This is the nicest gift you could have ever given my son.” McElwain won the ESPY Award for Best Moment in Sports that year, beating out some of the biggest names in professional sport. He’s 36 now. He works at a local supermarket, coaches basketball, has run 17 marathons including five Boston Marathons, and travels the country speaking about never giving up. When asked about that night, his coach still gets emotional. “For him to come in and seize the moment like he did was certainly more than I ever expected. I was an emotional wreck.”
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Derek Lamle
Derek Lamle@d_lamle·
@notthefakeSVP What a great story. It was so viral I said his name out loud within seconds of seeing the clip
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Scott Van Pelt
Scott Van Pelt@notthefakeSVP·
Been at ESPN a long time - this one was an all timer. Before social media, it was as viral as a story can be. I watched it on a tape in the news room. I couldn’t stop watching his teammates.
Dr. Lemma@DoctorLemma

19 years ago, a high school basketball coach put his team manager into a game for the final four minutes. The kid had never played a single minute of competitive basketball in his life. He scored 20 points. Jason McElwain was diagnosed with severe autism at age two. He didn’t speak until he was five. He couldn’t chew solid food until he was six. He wore a nappy for most of his early childhood. As a baby, he was rigid, wouldn’t make eye contact, and hid in corners away from other children. He tried out for his school basketball team every year and got cut every time. Too small. Too slight. Barely 5’6 and about 54 kilograms. But he loved the game so much that his mum called the school and asked if there was any way he could be involved. The coach created a team manager role for him. For three years, McElwain showed up to every practice and every game. He wore a shirt and tie on match days. He ran drills, handed out water, kept stats, and cheered every basket like he’d scored it himself. On 15 February 2006, the last home game of his final school year, the coach let him suit up in a proper jersey and sit on the bench. With four minutes left and a comfortable lead, the coach sent him in. His first shot missed. His second missed. Then something shifted. He hit a three-pointer. Then another. Then another. His teammates stopped shooting entirely and just kept passing him the ball. He hit six three-pointers and a two-pointer. 20 points in four minutes. The highest scorer in the game. When the final buzzer went, the entire crowd rushed the court and lifted him onto their shoulders. His mum tapped the coach on the shoulder, in tears. “This is the nicest gift you could have ever given my son.” McElwain won the ESPY Award for Best Moment in Sports that year, beating out some of the biggest names in professional sport. He’s 36 now. He works at a local supermarket, coaches basketball, has run 17 marathons including five Boston Marathons, and travels the country speaking about never giving up. When asked about that night, his coach still gets emotional. “For him to come in and seize the moment like he did was certainly more than I ever expected. I was an emotional wreck.”

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A K Mandhan
A K Mandhan@A_K_Mandhan·
BREAKING: There are credible reports that Netanyahu is DEAD. @grok verify
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Derek Lamle
Derek Lamle@d_lamle·
@ArmandSlason @Micha_Siegel I was visiting my local brewery Friday A new EE was getting ready to start & filling out W4 onsite Married, 2 kids, dual income, 3 jobs each He spent a half hour fumbling thru forms, asked manager who had no clue, and felt embarrassed That’s not how we want someone to feel
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Call me Mando
Call me Mando@ArmandSlason·
@d_lamle @Micha_Siegel 2 job worksheet, add a little extra withholding and also make these estimated payments. What’s the issue?
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Derek Lamle
Derek Lamle@d_lamle·
I’m a CPA and not afraid to admit I don’t understand the W4 Way too confusing 🫤 Needs another overhaul
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Derek Lamle
Derek Lamle@d_lamle·
@angiefrommp This was part of the situation that triggered the post! Feels reassuring to know I’m not the only one with this observation
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AngiefromMP
AngiefromMP@angiefrommp·
@d_lamle I’m sure the people who engineered that cluster fuck have no idea how to fill it out either!!! It’s a complete nightmare. If husband & wife both put down the number of children eligible for CTC, they are screwed.
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cpa.BTC
cpa.BTC@cpa_BTC·
@d_lamle I usually recommend not changing anything but Step 4c extra withholding. Or claiming single when HUSBAND/WIFE have higher incomes. @TGorcz
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Derek Lamle
Derek Lamle@d_lamle·
@Taxsavvyjessica Let’s us know when it’s live on the App Store! You can count me as a subscriber
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Chuck Steinman
Chuck Steinman@Chuckles_9·
@d_lamle It never gets your WH right either. It is either way over or way under. Speaking of overcomplicated.....have you looked at the tax regs lately. The whole thing needs a simplification and overhaul.
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Derek Lamle
Derek Lamle@d_lamle·
@Taxsavvyjessica It’s figure-out-able for people with tax / finance backgrounds, but it’s not for the average person. It should be so easy a 10 year old could answer with confidence
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Jessica Smith, EA 💪🏼, NTPI Fellow, not a CPA
It’s actually not difficult. What I do is run a quick liability projection, then plug in the info from the last pay stub into a spreadsheet that calculates what the expected year-end numbers will be, then I use a paycheck calculator (ADP has a good one) and determine what the withholding will be at the highest rate, then I add the appropriate number to the extra withholding on that line on the W4. I’m being serious. I don’t find this difficult and do this for a lot of my clients.
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4x4 Accountant
4x4 Accountant@2a4x4Accountant·
@d_lamle "Complete steps 2-4 ONLY if they apply to you"....I make easy work of this because steps 2-4 never apply to my clients. 😇😇😇
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Matthew J. Cordes, EA
Matthew J. Cordes, EA@cordes_tax·
@d_lamle It took me over an hour to use the IRS tool for a client (husband and wife, multiple jobs, bonuses/commissions, rental properties, kids, income over $400k, NIIT, etc). I HOPE it is right.
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Jon Rosser
Jon Rosser@RosserJobs·
This is how old I am. You?
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