Anyone figure out how the 1065 will be presented this year for clients with GAAP books? Seems like M-2 should be tax but the instructions say book and “match K-1”

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Posting as :
works at
You are currently posting as works at

Tax basis M-2.

likehelpful

Tax basis. For this year there are 4 ways to go about it. It's on the instruction.

Related Posts

Looking for names of some effective financial/investment planners. Any suggestions? Plz give only the ones u hv worked with or experienced!

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$DPZ 370c 3/27

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Everyone has a different perspective on this but would love to hear yours. Someone has debt ranging say 4-5% interest rates. Do you attack debt more then investing to move towards a debt free life or do you go after investments since they return historically above that then paying down closer towards retirement. I know the latter looks better on paper but what about the psychological factors of being debt free and the guaranteed return on interest savings.

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I have square stock that I bought at 240, do I hold? And what’s everyone’s thoughts on Zoom? Sell or hold?

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I just got a new job offer (3.5 YOE, strategy at late stage startup) for $125,000, sweet benefits, and $60k stock options.

I already notice that I want more despite not even receiving one paycheck. Previously made $85k.

Why am I like this?

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Been trying an abundance mindset. It's put me in debt.

likefunny

Any Amex employee here with an Amex card? Could you guide me on the process and eligibility of cards and what benefit do we get as employees?

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What are some good east coast cities to buy an investment property in? For those of you who have done this before, what's better for a first time buyer/investor - commercial or residential?

Based in NYC but looking to buy outside the city. Something that's 400-500k and has good rental potential. Thank you.

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What are your thoughts on lending money to family when asked? (Cont)

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Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

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Inflation post covid—19 .. thoughts? I am really worried considering the prices from housing to basic needs in major cities are already not affordable for most middle class families.

likehelpful

If I got 1/10000th of a bitcoin every time some dude on an app asks me if I like being an accountant... I'd be rolling in mad dough

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This is an emotional dump rn. It may be lack of social interaction but I'm really frustrated lately. I feel like I lost last 2.5 years of my life with ongoing lockdowns and job instability in the first half of the pandemic. I was 28 turing 31. I get good dates but -ve self talk
Inflation is high & coming from a low income family where you're supposed to help your parents is driving me nuts. Although I make a good salary, after rent, car insurance, there isn't much left (unfav currency exchange)

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Need advice. Have some credit card debt that I’ve been working to pay off. Have made progress but want to lower it quickly. We have dual income, with a house (~$300k in equity), 1 kid and 1 on the way. I’ve looked into debt consolidation via HELOC but also have ~$80k in vested equity in my company that I haven’t touched. Get equity refreshes every year. Would it be smarter to cash out $15k-$20k of that to pay debt vs. a HELOC at ~5% given that will still require mthly payments

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Anyone took personal loan from HDFC !!
What are their interest rates and charges ?
Which bank is best for personal loan considering all charges/ interest rates and all ??

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

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I'm a young professional finishing my first year of my career. Last month I opened a brokerage account & invested $4000 in the stock market. I'm planning to invest at at least $2000/month every month now with the goal of creating a passive income stream. Do any of you have experience with a dividend growth strategy? How did you get started?

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I have a new prospect. Small business owner that wants to start a 401k for himself and his employees. Who would be the top 2-3 organizations I contact, and what questions should I ask the providers?

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Is anyone nervous about the whole Russia situation and how that may affect the market if an actual invasion takes place? Do you think it makes sense to take out investments just until things settle down, or even assuming the fed will increase interest rates? Thoughts?

likesmart

Hi All. Have anyone applied for flexi basket declaration in HCL. Kindly tell me if there is any good tax savings or of no use.

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More Posts

I have 7+ years of experience, how much salary offer I should expect from TechM.

My manager asked me to help sprint this proposal. I’m out in 6 weeks. How do I kindly tell him to GTFO

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When are rating going to be out for KGS. Any update anyone

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Hi fishes,

I had actually applied through a referral to Deliotte for Fx settlemets position. I got a call from Hr asking for CTC and notice period. Haven’t heard back since 2 weeks. Does it take long for them to schedule a interview or what could be the case?

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EY GDS or Macquarie. Both offering same salary. Which would be better?Macquarie Group EY

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Come on Bears we need a win!

likefunny

Does HSBC has the relocation expense reimbursement? And do they also provide the 1 or 2 week stay when we are relocating. HSBC India HSBC

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I have an offer from JIO and BottomLine.
Which one is better and recommend to join.

Can anyone suggest on it?

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Urgent because I have a job offer and my decision rests on the answer to this question

Is the specialist position in PwC India equivalent to analyst or senior analyst? Is it the junior most hierarchy level in the organisation or is it second last in the succession ladder?

Hi Amex peeps, how much time does it usually take to declare the results of 1st round of interview for lateral hires?

Thanks in advance 😊

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Hi,
Is Amex and Amex GBT same?
As a business analyst how is Amex GBT in terms of culture, WLB and projects?

Hi, can anyone refer me for analyst - data science position Amex
American Express
I have the job id, any help would be really appreciated

Thanks
American Express

Hello Fishes,

I left capegemini on 4th of Feb and I still haven't got my relieving letter as well as experience letter. I'm trying to access my capegemini portal from
webvpn.capgemini.com but I'm not able to access that either. Please suggest me what should be done, my next employer is asking for relieving letter.

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How to change job location as i m joined as fresher in Capgemini.
Base location is Mumbai and i need change to pune.
Can anyone tell me??

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hi all, Capgemini me notice period kitne din ka hai.

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Welp! Finally got the axe today too. I didn’t even get to talk to my manager. One of the execs I support told me he’s very sorry and I was great, etc etc, but it couldn’t be avoided. Whatever. I kind of never want to work again. I’m heartbroken.

likehelpful

Is my manager forcing me out?

In our 121 last we had a good discussion on creating a personal development plan, with the idea being I’d write down clear goals & action points to get from my current level to the next, and I’d provide weekly evidence of it. I prepped the doc accordingly, but instead of wanting to discuss it, he said I have 4 weeks to “turn things around” - without giving any new info on what I’ve done wrong - esp given I wrote my goals based on this same feedback from last week??

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before my IVF cycle, my doctor is starting a monitoring session and will put me on estrogen patches. he also gave me a trigger shot . normal ?

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What does everyone think about MLMs.. I know some are cringe, but others it seems are fine?

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I have a side gig consulting business specializing in data analytics, PowerBI, API integrations, data warehouses, and Amazon PPC. My team and I have worked with multiple top Amazon companies to do this. Anyone know someone who needs this ?! Let’s chat !

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Additional Posts in Financial Services Tax

Do hedge funds people have better schedule than PE people?

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Just internally transferred from PCS to FS tax team as a senior. What can I do to catch up all the technical skills and stay on top of everything?

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If anyone is looking for a job working in RSM's tax financial services group that has experience in either Private Equity, Hedge Funds, or Venture Capital space send me a message. Please have a resume for me to review and then I can get you setup for an interview. I am based on Los Angeles, but I am not concerned about location, as we need people in this space all throughout the firm. I spent 13 years with the big four before making the move and it was the best decision I have made.

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Are there any companies out there that don’t need CPA to be manager even if you’re eligible to sit for the exam?

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How is the staffing situation in your office? People are dropping like flies at all levels.

likehelpful

What is EY Edge in FSO? What do you do and what are the hours like?

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EY FSO tax and the equivalents at other firms, let's start a chat!

likeuplifting

All SMs currently in pipeline - How many years at SM on average would you say it takes to be a partner these days?

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Do you know anyone with this background that pivoted into tax technology? If so how?

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How are the pipelines to making partners looking at other firms? Do you see 7 to 8 years at SM level like EY? Is 3 to 4 years an old news? This is for fed compliance btw. Are other service lines any better?

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Do you enjoy financial tax? Have you ever tried to transfer to general tax and was it successful?

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Do you know of any success stories going from FS tax to FAANG type company tax departments?

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When someone who doesn't know what FS tax is asks you what you do for living, do you say you are in tax or finance?

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Do you think FS tax works more than regular, lack of better words, tax in general? Want to get an idea of your particular office culture.

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How's everyone's schedule these days? EY getting busy already.

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What's our chance of becoming a CFO?

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When extended family asks what you do for a living? You say “ well it’s the taxes for funds like venture capital ” oh so starting a new business “ kinda of “ I had a former manager tell me explaining public accounting is tough. I would have to agree with that former manager. maybe I should have said I prepare K1s and 1065s lol

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How much are your raises every year on average? As a senior it’s been 6-8%

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Are there firms with FS tax practice in Seattle? Specifically fed compliance: Private equity. I know EY doesn't. Any other firms?

likehelpful

At what level, would one start getting technical questions in an interview for an industry position? - manager? SM?

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