How often do you come across Schedule F? I have prepped 3 tax returns for farmers this busy season? It’s interesting. I’ve worked for large and small firms. I never had to deal with Schedule F until now.

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Our firm is in SF which makes it even more of an anomaly.

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Ag tax is the most interesting in my opinion

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I was doing ten a season at my last firm. Just like Sch C but with tons more losses.

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Never, but that would be interesting.

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Sch f are usually messy. From my experience

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I’ve done 5 since I started in January. However every single one of them had a hobby loss

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Woah farmers able to afford law firms to prepare returns? Usually it’s same niche firms who does them.

And it was likely a stretch....that partner loved to push the envelope.

I have a couple of hnw clients that have a small farm with maybe one or two day laborers but it's usually just for funsies. One guy breeds cattle

Once. Client was in the horse racing business.

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Oracle India Ye dukh kahe nhi khatam hota 🥺.

Oracle shares going down ....
Oracle

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What will be the inhand for this with proper taxation?

P.s: want to compare with another but fishbowl don't allow to add 2 images
I just shared that too a while ago.

Please help i think the gratuity is extra

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Hello folks, My ctc is current at 6.2lpa and I would like to cut down my taxes. Any suggestions on where to invest for tax savings? Also is FD a best plan for investment with lock in period od 4 yrs for tax saving bills?

If anyone is interested in investing in crypto, I’m running a kickback campaign on Vauld, where both, you and I can reap benefits. You could also FD your crypto investments at interest rates as high as 12.68% for a few tokens.

Comment here or DM me personally if interested to talk further. Note that this crash is a great opportunity to enter. 😊

I see two crowds these days. One thinks housing market will crash. The other thinks housing market will soar.

The contrarian in me makes me think this is a decent indication that housing market will stagnate (or increase minimally) for a few years.

As a general rules, I feel like the majority cannot foresee a crash/surge coming. The prevalence of such expectations would hamper the pre-conditions necessary for such a dramatic change.

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Hi fellow fish need some advice.

I'm planning a wedding and wondering if I should apply for new credit cards to maximize on points. If so, wondering what your recommendations are and or if there are new cards out there I haven't heard of yet. For context I probably have another 20k+ in expenses to pay still and my current cards are:

CSP
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Newbie Tax filing question, worked for a US employer Jan - July in NJ and then moved and worked for a Canadian employer Sept - Dec. Work permit holder in both countries at the time. What's the best way to file taxes in both countries? Has anyone done this before? Looking for guidance, gotchas, tax filing recommendations...

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Highly Technical Market Sell-Off - Though, it has picked up over lunch and I suspect that short term turn is in near. Old floortrader told me once, never trust a market that is making new session highs or lows during lunch. That's not normal. This might not be a normal day; but we do need to rebound to get another opportunity into the short trend. So, count on it. The last draw is more suspect as it hasn't been proven to exist yet. So, we will see how we look when we trade 9855.75 on NQ.

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Can I receive rent on H1? How can that be accounted towards the end of the FY?

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Are remittances / gift sent from US to India (from post tax money) considered for any tax breaks or deductibles in the US?

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FYI Amex offer for Allen Edmonds. Spend $300 get $90

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Is there an app where I can see all the list of credit cards and the balance I owe, where the app doesn’t force me to enter bank log in details like mint

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Hi,

My PF memberId starts with PYKRP, is it same for everyone?

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First time building Roth IRA account. Stocks you think I should add?

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Is anyone familiar with McKenna Capital? I’m interested in investing in a real estate syndicate and McKenna looks compelling. Hard to tell if they are legit or potential scam?

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Anyone taking profits from UVXY and VXX or still holding?

Out of curiosity, do you think most ppl max out 401k (19.5k) and Roth IRA (6k) annually?

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Hi folks,
Need ur suggestion!
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Hello guys, where can i find discount for universal studio Halloween horror night tickets ?

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With this WFH life & the pandemic I’ve barely been moving. I started walking daily since a few days ago and it kicks my butt. My legs are actually sore from walking? It’s really sad but I’m glad I’ve taken in this initiative and wanted to share 😂

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Which platform do you find best for affiliate marketing?

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Let's say you work remotely full time in private/group practice. Mental health or Wellness.
What's your maximum client load for a week? 20? 30? ... 10?

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With everything going on economy wise, should I try to get out of working for ExxonMobil and get into cyber security sales? What would be safer?

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Anyone from MAQ software, please DM

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How much should a senior email designer/developer make? I make 77k USD and feel like I’m underpaid. 😕

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Hey everyone! I just wanted to let you know that my free guide to virtual learning will only be available until Saturday. I have new free stuff coming your way! Hoping everyone is healthy and safe.

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Whats the easiest way to start your own tax return preparation practice (part time at first) then maybe full time if worth it? Which tax preparation software is best to use? Or is it better to start off at HR block or similar places to learn some of the ins and outs before going solo?

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I’m having trouble working in Tax. I’m overwhelmed and am feeling like I’m not producing my best work. I want to talk to someone at work about it but a) I don’t know who to go to and b) feel like it’s not worth it because there’s nothing that anyone can do but tell me to get a different job. I feel like I SHOULD say something to someone though, right? Idk. I’ve been on the job hunt for a while now and am not really having any luck, which is just adding to my despair. What should I do?

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Why do leaders keep comparing how “good”the new staff/seniors have it because they make more money starting out then they did and working 55 hours is better than the 70-80 hours they used to work? Instead they should compare what options they have available to them and what their goals are.

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On H1-B with approved I-140, currently looking out for State & Local Tax Senior/New Manager opportunity. Kindly share the leads, thank you.

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I’m so stressed out I just randomly burst into tears…that’s not normal even for this profession, is it?

likeupliftingsmart

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For a 2-year associate now tasked with senior-like roles such as reviewing and training, does anyone have advice on how to review individual hnw tax returns?

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In Texas & my CPA CPE hrs are due this month. The corona virus has really impacted my work/plan to finish them and I’m worried I won’t get them done. Anyone know anything about possible extensions?

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What big firms let you get to manager and above with an MBA and/or EA for tax?

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