Larry Judd

@CPATaxTeam @avalara We use Yearli (Greatland) to e file those. Some investment in year 1 but excel templates import in.

For accounting firms with hundreds of clients who file 1099's, what do you do to save time filing these? We use @avalara's 1099 program. However, you have to upload each client's 1099's client by client. So, if you have hundreds of clients, it's fairly time intensive. Help! #TaxTwitter

We put together a (new) 50-minute masterclass on how to optimize your 1040 tax prep process 5 members of my team spent 2 weeks on this one. It may be the most complete 1040 workflow resource on the web. It's broken down into 11 steps: 1. Engage 2. Schedule 3. Intake 4. Workpaper Prep 5. Request 6. Input 7. Self-Review 8. First Review 9. Partner Review 10. Billing 11. Delivery For each step we cover: • The ways firms do (or don't) do it • The leading tech to enable it • Whether AI can automate it • And how to deskill it Important: you'll be shocked to see how firms use wildly different levels of expertise to get the same work out the door, so deskilling is a big talking point throughout the video. I'll DM you the private link, no email addy required: 1. Reply with "1040" 2. Retweet Let's get those 1040s out the door like never before 🤜🤛

@jasononfirms @SparkleCate 1040

@adammarkowitzEA Ha, did that two weeks ago and then ended up being replaced. Still a win for me!

Talked somebody out of an S-election today. My work here is done. #TaxTwitter

@FortWayneCPA Great update Mike. We are going to over-communicate with clients on how bad this is going to be.

If anyone knows any Congressional Republicans, please link them to this post. Skip this post as needed. I am going on a rant... The IRS is already a dumpster fire. It just is. This post is honestly not political. It is just common sense and the poll question at the end is just for tax professionals. I realize anti tax, anti IRS Libertarians and Republicans will take offense at this post and so be it. We need a functional IRS. Period. If you think otherwise you are wrong. We are 37 trillion dollars in debt and we need to collect taxes... Cutting 25% of their workforce in seven months is crippling; especially since they are still using technology that in some cases is 40 years old. The Treasury Department under President Trump (With the consent of Congress) is cutting IRA spending significantly and that will have long term effects on the agency and prevent it from upgrading its technology so it can have even a semi modern computer system. I honestly doubt the IRS will spend 15 billion of the 80 billion allotted to it in The Inflation Reduction Act passed in August of 2022 with zero Republican votes. Note I hate bills passed through reconciliation by EITHER Party when they cannot even get one vote from the other side. The Treasury Department requested a roughly 7% budget cut for next fiscal year. The IRS is struggling and the answer is to let go of 25% of their employees, cut their budget, remove the Inflation Reduction Act money and do what? Pray? Now the House Appropriations Committee is suggesting that cut be increased to 28%. Costs are increasing across the board and yet these yahoos want to cut IRS funding by 28% year over year? Seriously? I hope every member of Congress who votes for this gets tax notices that have to deal with. They want to cut enforcement by 45%. There is not better way to encourage tax fraud and increase the National Debt... Remember the IRS is currently using systems and software that in some cases are 40 years old. Can't we all agree the IRS needs a completely modern and secure computer system in 2025? How is this even controversial? Taxpayers and Tax Professionals are regularly disconnected from the IRS phone system, before these budget cuts. Their phone system is garbage before budget cuts. It is taking the IRS a year or more to process paper filed returns in some cases before the budget cuts. Do not even get me started on the delays for taxpayers who are getting refunds for people who are recently deceased. That is an epic dumpster fire. The IRS is on its 5th Commissioner this year alone and Billy Long is the least qualified Commissioner in my adult life. @auctnr1 Today the IRS notices are garbage. Complete garbage. The IRS response time for these notices is slow and can take over a year already. Today the IRS is posting a lot of payments to the wrong period which is generating more notices. Remember by 9/30 25% of the IRS employees will be gone. So whatever we are seeing now will actually get WORSE. One Big Beautiful Bill is law. It is a very complex law that will require the IRS to issue a lot of guidance and create new forms. In other words the IRS will need a lot of resources to implement this bill. Poll question for Tax Professionals ONLY. Be honest, what size Dumpster Fire will next tax filing season be due to the IRS? Be honest... In the comments, what are you changing at your firm to deal with this upcoming dumpster fire?

@MichiganMattCPA 41’ Formula…..friend’s boat, the best kind 😂

@larryjudd Love it! What kind of boat ya on?

Taking some advice from @MichiganMattCPA

@Eligabiff @BillKinneyCPA @taxretreat @TCRTalks Definitely will, thanks!

@larryjudd @BillKinneyCPA @taxretreat @TCRTalks Check out the recorded ones!

I missed the @taxretreat panel on communities because I misread the agenda. I'm in Automation Town since inception, haven't really used it as much as I should. If I were to join one tax/accounting community, what would you recommend? I can probably only afford one right now. Background for those that don't know me: I'm the owner of a 3 CPA, 3 full time staff (6 total) doing about 1500 returns a year. We're slowly coming out of the dark ages in tech from previous ownership. (I'm pushing it more than others in my workflow) Some resistance (including from me) to the "new and shiny" or anything that doesn't conform to our existing practices. #TaxTwitter

@FortWayneCPA Had one of these with same recommendations, cost was a lot higher than $8k, but included "asset protection" LLCs and C Corps

I am tired... Seriously, I am tired. New tax planning engagement. They paid a TON for a tax plan from a tax planning company. They paid $8,000. Actually, they entirely wasted $8,000. I have a copy of the plan. I am tempted to post it; however, I am not going to. It is shameful... Seriously, it is shameful. The company that sold this tax plan should be ashamed of themselves... Top four items in this tax plan and the plan hinges on these items. Paying children ages 3,5, and 8 enough in wages to max out their Roth contributions every year. Plan suggests modelling and taking a couple of pictures of them per year. Plan does NOT discuss real wages for real work, instead emphasizes need to max our Roth... Changing to a non safe harbor 401K plan. Some specific recommendations in this one that would provide some tax savings. Augusta Rule. Not going to save much, if anything, and not real appropriate in this situation. A lot of talk about buying commercial real estate and writing everything off against other income. Note they are not Real Estate Professionals and never will be. Note they have no passive income... For fun, guess where the client got this "tax plan," and I use this term very loosely...

@tryjasononline We just changed to Verito and didn’t realize how bad VO was!

Great news for Thomson Reuters Virtual Office users this week 🎉🎉 ⬇️

@TrinityHSBBall Only thing missing are the Seniors

@SMB_Attorney @smblawgroup Please DM to me. Thanks

🚨 Big news! We just dropped the 2025 Edition of the @smblawgroup Letter of Intent (LOI) template. If you want a copy, just reply below, and I’ll DM you the download link. This template has been battle-tested in hundreds of deals, representing over $1 billion in closed transactions. Over the years, we’ve seen the same issues pop up... unclear terms, mismatched expectations, and other common headaches that cause busted deals. We’ve taken everything we’ve learned, fixed those problems, and built it into this updated version. It’s simple, clear, and designed to avoid the usual roadblocks. If you’re working on a deal, this could save you a ton of time and hassle. Let me know if you want it... I’m happy to share!

@FortWayneCPA Matt Wilpers — you’ll love the analytics!

Both Pelotons are setup and activiated. Karena did a 20 minute beginner ride this morning and talked crap to me. She rode 4.5 miles to get her settings right. So I marched right up the stairs and did a 20 minute beginner ride of 5.5 miles and got my settings right. We like the convenience of having them in our house... We do not like clipping in and I am using stirrup adapters for now. We are considering a bet about which of us rides more miles in a year starting today... She is: Karenajs I am FortWayneCPA Who is your favorite instructor? I do picture a tax riding Peloton group coming...

@WestonJudd3 @DHicks09 @JaySorgWellness @2025Legends @baseballwheat Proud of you Wes!!

I’m extremely excited to announce my commitment to further my athletic & academic career at the College of Wooster! I want to thank God, my family, coaches, & teammates for all of the help along the way. Go Scots!🟡⚫️ @DHicks09 @JaySorgWellness @2025Legends @baseballwheat @CoachSwick @TrinityHSBBall

2025 OF/1B @WestonJudd3 keeps the inning alive with this line drive to LCF to load them up

@wifemomcpa100 Tax fun

Owning a tax firm can be successful and rewarding. Don’t let anyone tell you otherwise. It’s all about how you build it. #TaxTwitter If you’re starting out or wanting to refresh your client list, reply “tax fun” and I’ll share with you (step-by-step) how I grew my tax business using my New Homeowner Campaign. Happy Tax Season! #TaxMarketing

@edzollars I just had my first one rejected.

Ultratax followup-for those who are having rejects - did you make any entries on new screen F20Wrk2 after applying the update? #TaxTwitter

As senior night is upon us, I wanted to write something. This 🧵 of following tweets in an appreciation/thank you letter to @nohs_basketball which has given me more than I could ever imagined. The seniors have so much to do with it plus more one person. 1/

@DailyTaxMemes I’m in too!

If anyone is interested in a NFL pick league let me know. you select 5 games every week ATS or over/under. Total record at year end determines winner. I have done it for a wager or where the losers donate to charity of winners choice. HMU if interested. Need 6+ to be worth it