Tax Bowl

Hello. I have a question on soentning I’m confused about. If a partner contributes property with a fair market value of 500k and adjusted basis of 250k let’s say, on the books his capital account will… more

Is it possible for someone to get a masters degree and become a CPA if coming out of High School with a 9 grade math level and 8 grade reading level?

How doable is part time law school and big 4? Currently in middle market and getting really tempting inquiries from Big 4. Want to make sure I’m not biting off more than I can chew however.

Need some ideas/advice from the group. Got an offer for a Senior position at $95K right out of the gate after 1 interview, which means I’m guessing they are eager and enjoy what I bring to the table, … more

Can anyone offer some advice/insight on a career change from M&A tax to something less tax focused? Currently working in Big4 and don’t really enjoy the work. I’m really interested in getting into… more

Any Miami based International Tax Seniors and Managers open to sharing their salaries? I'm moving there at the end of the year and want to know what to expect.

Is it really common that you don’t really share anything in common with your tax team outside of work? Let’s say you’re working with a team which is quite small 30+ & you work decently well with e… more

Comedy time to celebrate September 15. If you are still alive, come join the fun and share some good tax humor ...

How do you go about reviewing a 1040 draft that is 1000 pages? Do you just focus on the main form and supporting schedules?

Anyone else want to cry?

In this economy, who was able to secure a tax manager job in a in-house tax department (industry role) in the last 6 months? How did you do it and how was the process? I’m struggling and I have great … more

Doesn’t “awaiting acknowledgment” satisfy your timely filing obligation? I believe there can’t be “error not submitted” after this time, and even if there is a rejection, you have the perfection period to correct… more

How’s Pwc R&D tax credit team? Are they hiring for a manger role? How’s the work load?

Investment partnership’s state income allocation is a nightmare. How do you deal with it?

Hi, I’d like to get some career advice. If this is a dumb question, I apologize as it’s my first year on the job. I’m on a client that’s a credit fund with lots of international structures and loans/c… more

I am looking forward to Tuesday

Does anyone file Utah pass-through entity returns for resident shareholders of an S-Corp often? Have an Utah S-Corp that has a single shareholder (who is also an Utah resident) that we made a pass-thr… more

Anyone work at MGO? Trying to get to know this company more. How’s Pay? People? Culture? And etc. thank you!

Question to fellow lawyers who are working in tax, where most of your colleagues are accountants or CPAs. How has your experience been so far? What differences do you notice in the way you deal with t… more

Hello tax friends. I have a question. I had a property I held Under S-Corp as a flip property, NOT rental. I put all costs to WIP until I sold it. I sold for a loss unfortunately of 10k. This is ordin… more

Thoughts on PwC’s insurance tax group? Any thoughts at all, is it life insurance? just trying to get a sense of what the work is like over there.

What exit opportunity would you choose as a big 4 tax senior, find something in industry or something in government

How many hours are tax managers working right now in top 10?

Senior Manager at a Big 4 here, when did you know when it was the time to leave?

What are the required annual chargeable hours at Top 10 for tax? Could you comment if you know exact numbers currently?

Example:

PTO - not billable

Associate - (1,700 billable hours)
Senior - (1,650 billable hours)
Manager - (1,… more

I understand health insurance for 2 plus % will be deducted only when the S corp paid and this must be included on W2. I dont see the benefit of it because you need to add back on wages then deduct on… more

Team is growing and have been asked if I can refer anyone to the jobs we have in the PwC Midlands region in the UK. Hit me up if you want a referral.

Any firms in Las Vegas that have no tracking timesheet required are hiring?

What to do if you have an offer but are still waiting on another that is expected to take a bit longer? Do you tell the one you are waiting on?

If partner has 0 tax basis but substantial at risk basis, the loss cannot flow right? Because it needs to clear the first level (tax basis) and have sufficient tax basis to move to the next level (at … more

If anyone is impacted by the PwC technology layoffs please look through the tax technology positions at EY and DM if anything fits your background or interests. We have a lot of openings throughout th… more

Should partnership credit card liabilities be treated recourse or nonrecourse debt?

PTO etiquette?

I started at EY this week, and I wanted to know if there are any unspoken rules regarding PTO I need to be aware of. I have a two week trip planned for the spring but I just want to mak… more

If you had no kids (and weren’t planning to have any), had your own house, maxing out your retirement accounts and had decent savings, not married but in a relationship - would you take a $20k pay cut… more

What would you say you are seeing as either your average fee for a 1040? Or do you have a minimum fee for a 1040 client? I realize no 1040 is the same and complexity varies. Just looking for rough num… more