
Derek Lamle
21.1K posts

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

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
English

Unlike gas prices…
The next 48 hours…..
Corporate productivity will be low
#MarchMadness
English

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)

English

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
English
Derek Lamle retweetledi

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.”
English

@notthefakeSVP What a great story. It was so viral I said his name out loud within seconds of seeing the clip
English


@A_K_Mandhan @grok Saying “breaking” and then asking AI to confirm is an interesting approach
English

BREAKING: There are credible reports that Netanyahu is DEAD.
@grok verify
English

How in the world can Purdue be on the 2 line when they finished SEVENTH in the conference
Joe Lunardi@ESPNLunardi
English

@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
English

@d_lamle @Micha_Siegel 2 job worksheet, add a little extra withholding and also make these estimated payments. What’s the issue?
English

@angiefrommp This was part of the situation that triggered the post! Feels reassuring to know I’m not the only one with this observation
English

@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.
English

@Taxsavvyjessica Let’s us know when it’s live on the App Store! You can count me as a subscriber
English

@d_lamle That’s why I’m going to build an app and make a tutorial and make MILLIONS!
English

@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.
English

@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
English

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.
English

@2a4x4Accountant That is the exact situation that triggered this post
English

@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. 😇😇😇
English

@cordes_tax Matt, you deserve a high five for your work. Bill it :)
English

@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.
English





