Tim Talty

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Tim Talty

Tim Talty

@taltytim

Katılım Haziran 2016
1.3K Takip Edilen151 Takipçiler
"Eat 'Em Up"
"Eat 'Em Up"@eatemupDSP·
@taltytim @DuncanSmithNBA Put em in the corner or mezzanine. Let the real fans get the best seats. Also get rid of the two clubs ambehind the basket and get the fans actually on top of the court.
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Tim Talty
Tim Talty@taltytim·
@Graham_Couch They're devaluing the regular season and in conference games even more when people already aren't watching. March Maddness is quickly turning into Bowl Season in college football.
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Graham Couch
Graham Couch@Graham_Couch·
A depressing, but good read, crystallizing that expanding the NCAA tournament - and devaluing the regular season - is indefensible. And I’m yet to see one decent defense of it. If you’re for it, raise your hand and put your name on it. If you’re too ashamed, that’s telling.
Brendan Marks@BrendanRMarks

NEW @TheAthleticCBB: Here’s what a 76-team March Madness field looks like — and why it should worry you: nytimes.com/athletic/72392…

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Tim Talty
Tim Talty@taltytim·
@KuKhahil Why wouldn't everyone but Cade be on the table to improve this team?
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Tim Talty
Tim Talty@taltytim·
@BrianDavisTax The State of MI sent these out to everyone who made estimated payments. They issued notices to show the correction, but they gave the refunds to the clients per the return.
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Brian Davis CPA
Brian Davis CPA@BrianDavisTax·
Been spending today looking at correction notices that say that i had the wrong estimated tax amount. Been doing this almost 40 years and i have the same problem today that i had in 1987. How much tax did you pay? Why is that so hard a question to answer?
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Logan Graf
Logan Graf@LoganGrafTax·
Daydreaming of a retreat for accounting firm owners AND their families. Does this already exist?
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Tim Talty
Tim Talty@taltytim·
@KurtSupeCPA That’s sometimes a costly conversion when they go from 0% of SS being taxed to 85% just to max out the 12% bracket.
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Kurt Supe, CPA & Retirement Planner
66 years old. $1.6 million in a traditional IRA. His CPA just filed his return. Taxes owed. Nothing. He thought that was good news. I told him it might be the most expensive tax return he ever filed. He got my number from a client of our firm he plays pickleball with and called me. I asked him one question. How much did you convert to your Roth this year? Silence. He didn't use a single dollar of his 10% or 12% bracket. He and his wife could shelter $47,500 this year before owing a single federal tax dollar. A new law added $12,000 on top of everything else for couples over 65. His income was low. His deductions were stacking. The window was wide open. At 73 (75 born 1960 or later) the IRS takes over. They decide how much he pulls out whether he needs it or not. It stacks on Social Security. It could trigger Medicare surcharges. The kids inherit what is left and pay ordinary income tax on every dollar. None of that is inevitable. But the window that can help prevent it closes in 2028. A great tax return and a great retirement plan are not the same thing. Sometimes those who save the most on April 15 costs themselves way more over the next 20 years.
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Tim Talty
Tim Talty@taltytim·
@AdvisorJobs This is a tough one. A big reason the son can’t afford to buy on his own is because he helped dad continue to grow it big enough to feed two families now.
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Financial Advisor Recruiter
Financial Advisor Recruiter@AdvisorJobs·
There’s a challenge almost every father/son financial advisor team faces at some point. I’m curious how others would solve it (I'll provide what I am seeing tomorrow): It typically goes something like this.... Dad wants to monetize his life’s work. Son wants to maintain autonomy, expand the service offering, and build real equity. Both want to avoid getting pulled into a big corporate environment where they lose control of the client experience. Sounds straightforward. But it’s not. Sell to a large firm, and you solve for liquidity… but often give up control. Keep it internal, and you preserve autonomy… but now you run into the reality that the son usually can’t afford to buy dad out on his own. So here’s the question: What’s the best way to structure this so both sides actually get what they want? Curious how others are thinking about this.
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Tim Talty
Tim Talty@taltytim·
@DoeJumars Gotta give him a few days off and force him into playing his way into the lineup like he did last spring. Back when they planned on moving on from Tork and Keith being the everyday 1st baseman.
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Doe Jumars
Doe Jumars@DoeJumars·
I was a bit worried about Tork coming into the season and the guy looks completely lost again, hope he figures it out, but the leash should be pretty short on him in my opinion. His defense isn’t much better than Keith‘s at this point and Keith’s bat is way better right now.
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Tim Talty
Tim Talty@taltytim·
@FranWalsh73 @Greiser The one way I have found is to use a credit union that doesn’t sell their loans. That way terms and servicers will not change.
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Fran Walsh
Fran Walsh@FranWalsh73·
@taltytim @Greiser Love to hear it! That’s certainly a fair concern, and one that’s rather difficult to plan for unfortunately
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Fran Walsh
Fran Walsh@FranWalsh73·
Most high earners buying the forever home before selling the starter home face the same three options. Bridge loan. Wait and hope. Buy now, refinance later. All three have real costs. All three require compromise. There's a fourth option almost nobody mentions ↓
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Tim Talty
Tim Talty@taltytim·
@MichiganMattCPA They are now including personal property and real estate tax on the calc for the NIIT adjustment. Don't worry though, development team is working on a check box to add to the NIIT input screen that no one looks at.
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Michigan Matt
Michigan Matt@MichiganMattCPA·
@taltytim No, but thanks for giving me something new to lose sleep over😂
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Michigan Matt
Michigan Matt@MichiganMattCPA·
No, I will not ask everyone in our office to log out of Ultratax for a support rep to try the same thing I've already tried. It's not like we're busy or anything. SERENITY NOWWWWWW!!!!
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Tim Talty
Tim Talty@taltytim·
@boonersports And i still need FD to watch the rest of the wings season?
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Booner
Booner@boonersports·
With the new Detroit Sports Net... If I buy MLBtv, will that include the Tigers game (Detroit Sports Net) as well? Or HAVE to get Detroit Sports Net AND MLBtv seperate? Asking for a friend
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Brian Davis CPA
Brian Davis CPA@BrianDavisTax·
i had a meeting scheduled at 3:30. 10 minutes before i was like.. guess i can't start anything else right now. Then the meeting was cancelled. now it's 4:06 and i'm still here. because i have no sense of time and no ability to control myself
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Tim Talty retweetledi
Kurt Supe, CPA & Retirement Planner
Couple comes in for their annual review. $2.8 million. Well invested. Solid Pension. Completely on track. I ask the question I ask everyone. "How is your daughter doing?" Mom's face changed first. Their daughter is 39. Hasn't asked for anything. Never complained. But she's been in the same apartment for six years. Daycare alone is $1,800 a month. Down payment feels impossible. Dad said "we always figured she'd get it eventually." I pulled up a simple chart. Statistically they live to 88. She inherits at 56. Maybe 60. At 60 her own retirement is eight years away. The money that could change everything at 39 arrives when her finish line is already close. Neither of them had ever seen it framed that way. The annual gift exclusion is $19,000 per parent per child. They can move $38,000 a year to her. No gift tax. No estate implications. Over ten years that's $380,000 transferred while they're healthy enough to watch it matter. Dad looked at his wife. "Why are we waiting?" Most families leave everything at death because nobody showed them the math of giving it while they're alive.
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J. Shoff • Business Accountant
J. Shoff • Business Accountant@JonathanShoff·
Last year, a client came to me with $1.2M in revenue but couldn't tell me their profit margin. Their books were six months behind. Bank accounts weren't reconciled. When we cleaned everything up using a specific 30-day process, we found $18K in duplicate transactions and missed deductions, resulting in another $25K in tax savings. It completely transformed how they saw their finances. I documented that exact process so other business owners can do the same. Like and Comment "SYSTEM" and I'll send you the guide for FREE. (Have to follow to receive)
J. Shoff • Business Accountant tweet media
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Jim Costa
Jim Costa@JimCosta_·
If you were the Lions would you trade -‘26 2nd round pick -‘27 1st round pick For Maxx Crosby Let’s you use 17 to draft your bookend tackle and complete the OL
Adam Schefter@AdamSchefter

Raiders already have received calls from “several” teams inquiring about the availability of Maxx Crosby in a trade, per source. For now the Raiders are prepared to get Crosby healthy and have him play for Las Vegas. But they are listening to other teams.

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