Becca B

Chat, I was in fact, cooked. Guy with the purple thingy just signed today. I guess 2 week turnaround isn’t so bad for March, but boy am I feeling it cuz the pile is still the same size, just different names on the folders 🤣 I havent been on twitter for a min either cuz I’M TOAST

Chat, am I cooked? L drop offs since last Thursday. The bottom section, where the color starts up again, was just from TODAY 🤯🫣😵‍💫 #TaxTwitter

Mood. Is it April 15th yet? 😵‍💫 #taxtwitter Red Tape youtu.be/SJERE92z8PY?si… via @YouTube

@DailyTaxMemes Washed my vyvanse down with a large cup of coffee a little bit ago, same thing, but legal 🤣

Rise and grind TaxTwitter

@Ughhmantha I STILL don’t take a shower or do dishes if it’s storming. Burned into my brain for 46 years haha

Did anyone else’s parents say you couldn’t shower during a storm because you might get struck by lightning?

@wlthyaccountant I meant to say folded. I UNfolded so many documents today. So many. But at least they didn’t all have staples. So that’s the upside, here I suppose haha

@wlthyaccountant *Most* of my clients have finally stopped dropping off or dumping unopened mail on my desk, cuz I let them know that it’s a federal crime w/a $250K penalty or 5 yrs in jail, for ME to open THEIR mail. They’ve maliciously complied now, by taking it out but leaving it unfolded 🤣

More helpful tips from your tax accountant: • Never open any envelope that says (Tax Document" on it. That is my job. • If you did open an envelope with a tax doc inside, fold the doc back up and stuff back in the envelope.

@Gdog2020freedom @DadInvest @jim_desmond So you’re saying that the selling price-selling expenses-what you bought the house for-capital improvements=at least $800,000? Where do you live? CA? Miami? That’s just crazy to me. I’ve seen some serious appreciation, but not high enough to actually exceed the $500K exclusion

@DadInvest @jim_desmond Hasn’t been adjusted for inflation since its inception in 1997! It would cost us over $300k in capital gains to sell our house and downsize… if my wife and I stay in our 5 bedroom house until we die, our kids inherit it tax free. That’s why seniors don’t sell.

Seniors are sitting in 4-bedroom homes their kids grew up in — not because they want to, but because selling means getting crushed by capital gains taxes. Eliminate that tax. Put money back in their pockets. Give them a reason to downsize. That opens up family-sized homes for the next generation — without building a single new unit. Then pair it with down payment assistance so young families can actually afford to buy. It's that simple: Help seniors move. Help families move in. Put money back in people's pockets instead of taking more out.

This song always reminds me of tax season. Specifically, March. Every time I hear it! 🤩😵‍💫🤯🙃🫠youtu.be/UNq9gmY_Oz4?si… via @YouTube #taxtwitter

@LizMpersonal @AccountingAsArt @wlthyaccountant Nope, he put a Manila envelope containing that letter and his ‘W-2’s’, directly into my hand 🤯😂

@wxbec @AccountingAsArt @wlthyaccountant I hope you received those in the mail because send a note that you received these is wild otherwise.

@cartermcclung @MeasureTwiceMNY I have a couple who does exactly this. The difference in the monthly payment by filing separately was over $1000.

@MeasureTwiceMNY Same can be applied to those who file taxes separately for student loan repayment. Repayment easily can fall by hundreds of dollars, all legal in the tax code today.

Some say it's immoral to receive the Premium Tax Credit (PTC) if you can afford to pay 100% for health insurance premiums. But we all plan within the rules we've been given. Has anyone turned down the following when they didn't NEED it? • Child Tax Credit • Additional Standard Deduction • Education Tax Credits • Student Loan Forgiveness If benefit eligibility is income-based, it's not immoral to keep your income within those thresholds just because you have significant assets.

@benruss501 @TGorcz ‘Domestic Engineer’ is the occupation for the spouse of one of my clients, and that is my favorite so far. I want to change all the ones that say housewife and homemaker, to THAT cuz it’s awesome and hilarious 😂

@TGorcz I love when I see the job of “Housewife”

Tax pros: it really isn’t that hard to say “spouses” instead of “husband/wife”… it’s been 13 years now

@DailyTaxMemes NO WAY!! I’m 46 and clearly remember watching 120min when I couldn’t sleep as a kid. I still remember seeing the vid for ‘Epic’ for the first time on there & just fascinated at what I was watching and hearing. I don’t understand how time has flown so fast, whattttt

"Checks calendar...rechecks calendar...opens calculator and does the math and...'holy shit it's true'" 40 years ago...man. Where does time go amirite?

@DailyTaxMemes @AccountingAsArt 100% of my in-persons are Boomers with landlines still. They’re adamant on not using tax dome because ’I’m not good with technology’, yet sit in my office on their smartphone & log into their social security accounts and broker accounts and easily get their missing 🤬 forms LOL

@AccountingAsArt In person meetings is Boomer Mike stuff Mary

Waiting for a client to show up to a scheduled meeting. Look at email designating the day and time. Meeting is for March 10 so clearly that meeting is still in the future. Until I realized today is March 10.

@AccountingAsArt @wlthyaccountant @LizMpersonal It’s an SSA-1099 and/or a 1099-R, obvi. They’re all interchangeable 🤣🤦‍♀️

@wlthyaccountant @LizMpersonal What's a W2?

@thevalueartist We don’t have the heart to kick little old ladies to the curb, cuz they don’t have an email address & still use a landline. These clients were with the lady my boss inherited the firm from, for like 15-20 yrs. So we’re fine letting them phase out on their own by natural causes😳

@wxbec Why are you accepting paper

@thevalueartist Because my boss inherited a firm of ancient boomers 10 yrs ago, she didn’t choose this client base, but here we are. Over last few years though, only been accepting new clients that are tech-friendly & drop off, to phase out the paper and in-person tax prep. Takes time 💀⚰️

@bryanhasling Comes with the job when clients don’t tax plan! Or if FA doesn’t mention tax implications, or clients don’t ask questions about their own dang money. I hate to blame clients but I see it so much, both FA & tax pro have given fair warning & client ignores & feigns shock at tax🤷‍♀️

@wxbec Yikes, and then you had to be the bearer of bad news. Not a fair position for the tax pro. All advisors should be the bad news guy job whenever we can.

I can't stand late penalties from the IRS. I also can't stand *not knowing* how much the bill is going to be in April. If you made a bunch of money suddenly - or sold a bunch of stock / options - you'll probably owe taxes. You don't have to wait in confusion all year. You can make a payment now (i.e. do your own tax withholding). Remove the raincloud of debt. We can do it directly to the IRS from their schwab accts.

@BrianDavisTax I KNEW IT! Magic 8-Ball never lies 🤣🤣🤣

@wxbec There you go.

Hey I found my tax guide! You kids don’t know this but this is what we used to use back in the day before ai answered your questions

@Emilio2763 Highest STD rate for any community in FL 🤷‍♀️

This looks Horrific… “The Villages”