The SnapBack CPA

I will never understand anyone from any field hard coding numbers in excel spreadsheets.

Don't sell stock to fund new investments! If you have a large portfolio, use debt. Take out a loan against your existing assets, reinvest that capital, and let it grow while creating new tax opportunities. It's a smart way to avoid paying capital gains taxes. #InvestmentTips #TaxSavings #WealthManagement

Selling a business? You don't have to take all the cash at once. Consider an installment sale, collecting payments over time to manage your tax liability. Or, redeploy profits into investments that create tax losses, like real estate syndications. #BusinessTips #TaxStrategy

Roth IRA conversions can be tricky. Instead of converting $2M and paying ~800k in taxes, one strategy involved a $2M traditional IRA that grew to $460k. Converting *that* amount only incurred ~100k in taxes, saving ~$700k! #RothIRA #TaxStrategy #PersonalFinance

Selling your business in 6 months leaves little room for tax optimization. But selling in 5 years? That opens massive opportunities for restructuring and tax-free gains through qualified small business stock. Proper planning now means a lighter tax burden later. #BusinessTips #TaxStrategy #SmallBiz

Amen! I had to cram this into a 3 minute discussion so wasn’t able to get into the nitty gritty details, but you are spot on. Not only do the time requirements need to be met, but you also need the corresponding documentation to back it up. But solid strategy if it can be executed correctly!

@snapbackcpa REPS election is legit but way more nuanced than this. IRS scrutinizes 750hr/materially participates hard—especially with stay-at-home spouse angle. Cost seg + bonus depreciation is the real accelerator. Just make sure your CPA can defend it under audit.

High W2 earners are getting $200k+ tax refunds annually through strategic real estate investing. Leveraging loopholes, qualifying a stay-at-home spouse as a real estate professional can create losses to offset W2 income. #TaxSavings #RealEstateInvesting

Just closed on our first acquisition of a CPA firm. Here is what I will do differently next time: 1) work with multiple lenders to secure financing, so if one falls through you’re not weeks behind. 2) build relationships with a good attorney before starting the purchasing process 3) close by January 15th NOT February 16th 🤦🏼‍♂️

@TKopelman @jakecrandall Sounds like a solid process! 🍻

Yeah we have a set process for every client -q1: update tax projections for year before, talk q1 payment (90% vs 110%), etc. talk orientations for the year; goals, and get a financial plan in place for the year - post taxes being done we review, update projections for the year, finalize safe harbor, and what planning moves we want to make - q4: update projections, see if they need to switch to 90 or 110, do end of year tax planning, investment review, company benefit revenue for employees and then insurance and estate planning review every other year My ops team handles getting everything scheduled and all info to up 2 weeks before at the latest

Be very careful about who you get tax advice from. They should be a CPA. They should sign tax returns. They should serve other clients who look exactly like you. Avoid influencers, generalists, and financial advisors who don't sign tax returns.

@AlanMCole @AlexGodofsky Useful post on IRS response workflows. This tends to work best when the client communication cadence is standardized. Have you seen the same in your firm?

@AlexGodofsky If the heirs own the "appreciation" of the ultra-leveraged equity component and it's underwater, then that sucks and runs contrary to the tax planning you hoped for; you've actually stuck your heirs with your losses! But unclear whether that's what happened here.

Guy who thinks the most interesting thing about the Epstein scandals is Leon Black's cool estate planning tricks

@gomarketbeater Good point on tax strategy. I see better outcomes when advisors move this discussion earlier in the quarter. Are your clients receptive to that timing?

Smart investing includes tax planning. Trade efficiently. 👇 marketbeater.net

It’s not what you make. It’s what you keep. 💸 Taxes are the biggest expense in your portfolio. ​Active Day Traders pay "Short Term Capital Gains" (up to 37%). Investors pay "Long Term Capital Gains" (0-20%). ​Here is the math of Tax Drag 🧵👇

@uua_sab @giftlovej I agree with this on tax strategy. Turning it into a checklist often improves consistency across staff. What has worked for your process?

@giftlovej lol another 'get rich quick' scheme? money doesn't just 'come' without tax planning and real yields... this is why we need Finanzbildung 💸

Money is coming💵💰 🔔 ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ and ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ You will be a millionaire! & You Will Be Rich in 2026 💵.

@grzczyk @altruist @RightCapitalHQ Good point on tax strategy. I see better outcomes when advisors move this discussion earlier in the quarter. Are your clients receptive to that timing?

Watch out legacy planning tools, @altruist's Hazel tax planning model is pretty amazing. I just used it to mock up a Roth conversion plan using @RightCapitalHQ's report outputs. It did a fantastic job of solving for my exact question, which was...

@TKopelman @jakecrandall Useful post on tax strategy. This tends to work best when the client communication cadence is standardized. Have you seen the same in your firm?

@jakecrandall I’d agree It’s why we specialized in a market and have an enrolled agent on our team who filed taxes and did tax planning for business owners at a mid size tax firm for years

@BSCNews @RaymondJames Useful post on tax strategy. This tends to work best when the client communication cadence is standardized. Have you seen the same in your firm?

🚨 BREAKING: AI FEARS PUMMEL WEALTH MANAGEMENT STOCKS: SCHWAB DROPS 7%, RAYMOND JAMES CRASHES 9% The selloff was triggered by fintech startup Altruist launching an AI powered tax planning tool that automates personalized strategies. $SCHW fell 7.4%, @RaymondJames -8.8% (worst day since March 2020), LPL Financial -8.3%, @MorganStanley -4%, Ameriprise -7%. @CharlesSchwab CEO Rick Wurster called the selloff "disappointing and surprising," arguing AI will enhance advisors, not replace them. At $95.50, $SCHW now trades 21% below the analyst consensus target of $121.

Tax strategy question for operators: Strong firms treat cash-flow aware tax strategy as an operating rhythm, not a once-a-year event. What is your current approach?

If you want better margins in a tax firm: Strong firms treat year-round tax planning as an operating rhythm, not a once-a-year event. What would you add?

Tax season starts Monday….🎉