Is there 163j tax implication if there is a loss and some business interest expense.
Simple financials statement scenario.

Diversification is the key. My portfolio includes a bit of most of these.

1. Debt/Liquid mutual funds (direct)
2. Gold
3. REIT (fractional ownership and distribution)
4. Equity mutual funds (ELSS, direct)
5. Direct equity (India)
6. US stocks and ETFs (tech & genomics)
7. Crypto currency (interest deposits)

Hi ,
I have got sodexo card activated today. I found there is Meal Pass card, Meal benefit pass card and Cafeteria card

Which one we get money loaded ? Will that only usable in Bofa cafeteria!

📊 Poll: Is Snapchat worth it's 3 billion 💵💵 IPO valuation?

If anyone is interested in a referral code for a Chase Sapphire Preferred card go ahead and comment so I can dm the link.

Great card for travel, points come fast and great perks for travel.

Hoping to help anyone!

What motivates you to start or keep up a side gig? Is it just having more income or a specific financial goal?

Please post your crypto portfolio.

Mine - Btc(10%), Eth(75%), Ltc (leftovers)

New to US. Which brokers offer best margin accounts? For e.g. I have equities worth $100K and want to trade options. Is there a broker where I can do so without paying more in collateral money - essentially using stocks as collateral, and also not paying margin interest. Was able to do so in London, Hong Kong, and India. However, Robinhood here doesn’t seem to allow it.

Has any one went from reinsurance back to insurance? The money is great and all but the W/L balance isn’t. Has anyone else felt the same?

Is it possible to be a “silent” investor (party A) with a friend who’s an accredited investor (party B)investing in a company? So if B is investing $50k in a company, and A wants to give B $25k of that investment, is this possible with an agreement between A and B, where they’re responsible for their own portion of taxes?

How do you effectively plan for retirement?

Hello, I’m looking for help filing my tax information for a new job. I’ve been in nyc for close to two decades, and am moving from the city for a new job. I’m wondering what to claim.

Need some advice on renting here in ATX.

Back in May 2021, I rented a property that had sustained damage during the big snow storm. This wasn't disclosed at lease signing. The home leaked every time it rained, mold was found in the home & the LL failed to make repairs that resulted in me falling down a flight of stairs. I moved out& rented an apt for 2 mos before signing a lease on the house I live in now. This house has a serious big problem& I've found mold here too. Continued below

What bank do you use, and why? My old bank doesn’t have branches here, looking for suggestions.

I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

Has anyone gone to an estate sale in the city?

Hi - any good books recommendations for getting started on real estate investing?

Will base jump from 120 - 145 make a significant difference in my saving? Offer has significantly less PTO and a lower 401k match. 32F with 400k saved, interested in buying a home soon in HCOL.

Are you a “Prodigious Accumulator of Wealth”?

N = 10% x (Your Age) x (Your Salary)

If your net worth is 0.5N or less then you are an under accumulator; around 1.0N then you average; 2.0N or greater then you are prodigious.

This is the millionaire next door formula.

Hello, are there any holidays in October/November?.

Anyone here work at UF Shands in Florida? I’m interested in working there long term, but how easy is it to get in? How easy is it to transfer departments (such as from auditing to compliance)? Are the health benefits any good?

Hi - I have an interview with Johnson & Johnson for a Leader role. There seems to be multiple interviews with multiple people in the organization. Hoping to get some insight on this process from those who have been through it as it sounds like a great opportunity. What do they look for? How can I ace the interview?

Going into another week, make sure you're taking time to take care of yourself and congratulate yourself for making it in an industry that was never ever meant for us. Just the fact that you're here is an inspiration to those that will come after you!

In one month is my mid term review.. Should I let my mentor know I'm applying for mba this year now or should I wait till after the review session? I'm afraid mentioning going to b school would hurt my "fast promotion". What's your guy's experience? :)

My inboard portal is showing wrong dob and phone number and i m recieving mails to complete the document process plus the hr is not responding to my mails or calls. Should I submit the documents or wait for them to respond??

I’m one of the only attorneys in my Texas firm that had electricity, internet, and water this week. I was warm and comfortable but still could not get any work done because things going on in the outside world are distracting. When I try to work, I feel like I can barely hold a thought in my mind before I get the “wait, what am I doing again?” feeling. I just want to know, I’m not the only one that struggled this week to do any work, right?

I dint feel happy when my bf proposed me for marriage.. i am not able to understand why..he is very nice guy, we have been dating for almost 4 years but honestly, in these 4 years, i never had that butterflies feelings with him never ever. Its just that we are comfortable with each other as a person thats it and we started dating.
Whats wrong with me..i am also not sure if i want marry him..

Huge btc short position in market right now, I expect a lot of liquidity issues to come to light soon. Bitcoin should end up below 30k and stay there as new resistance soon. You all doubt my previous posts but all these bumps to 37-39k are fake bounces from retail buying the dip. Defi is gonna unravel. Do you honestly believe the 10-40% defi interest rates were risk free. It’s all paid by stablecoin printing backed by the assumption that crypto prices would keep appreciating

1000$ rsu is equivalent to how much Indian Rs ?

#1) 1000*(USD value) or
#2) 1000 * Qualys stocks ( 130 USD)

Could you please clarify rsu calculation ?

How is WLB at Deloitte India? What are average working hours / day.
Have received 2 offers
1 from Deloitte , 1 from Nagarro
Also Deloitte yearly increment acha deti hai kya?

Took FAR & get scores on Nov 10. Should I schedule BEC on Nov 14/15. I really feel like I passed FAR. I feel it in my gut.

SAFe is already a get-rich-quick scheme and their training is shady as it is. In remote is it even possible to do when there is so many failures when we are not remote? I think it's a waste.

When is WFH ending ?

Trying to reschedule CIA exam that was canceled due to covid19. There are dates open in early May. Thoughts on if that will end up being canceled too due to lockdowns? In PA.

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?

Anyone work or has worked at MGO?

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

So I worked from home yesterday and my husband had a sneak peak on my meetings with clients (which I’m very new to being a senior). He mention that I should read some sales pitch books of some sorts so I can get a process down and not be drain from having genuine conversations with every client. I think it’s a great idea. Anyone have thoughts or recommendation?

Is the market due for a correction anytime soon?

Anyone recommend their firm for fed tax? Looking to stay in PA in a top 20 to continue working remotely.

Am I understanding utilization rate correctly? It’s chargeable time over total time? Charged 40 hours and had 10 hours non-charge so my utilization is 80%? If so, wouldn’t it benefit me to understate non-charge hours so my utilization is higher since they only really care about chargeable time anyways? Charge 40 hours still but only put 5 hours non-charge for utilization to be 89% instead of 80%? Or am I misunderstanding how utilization works?

LA vs Boston. Which city pays higher? Big4 tax

Do you all see a compelling future in your tax career? I’ll go first, I don’t see a compelling future working for a large PA firm in the long run because you have to work more as you move up. However, I do see a compelling future by using my knowledge and skills to open my own firm/business and work less hours as long as I make enough money which is $75k, or if I do work long hours, it’s because I want to.

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.

Went from a big firm to work for a smaller firm. The people in the smaller firm are protective of their work and are good by their work too. I no longer feel chaos or stress. I am treated with respect and my schedule is more normal. I am even working more billable hours than before, but it feels like a seamless experience. I don’t work then past 5pm or anything out of the ordinary for this time of the year. I am so grateful!

In 2015 different governments in the US collected $5,175,829,952,000 to service 321,230,000 people. That’s over $16,000 per person. Anyone else find this shocking?

About to quit a job in just one month of joining... what should I do...just hit the exit button, or keep a call with the Manager or the HR?

What are the things that I should say as the reason to quit so that I face the least issues.
I am just quitting for a better opportunity but don't want to burn the bridges here at the same time.

Would request the experienced fishes to help me with this. I am new to these kind of situations and really need help with how to handle this.

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?

Do you feel like turnover has now diminished after this busy season or will it kick up again as we approach the next one?

At this point, I'm wondering if most firms have hired enough people or they are still on the lookout due to shortage.

Through a lot of comp discussions I heard a lot of talk of “making you whole” when things get better. Am I drinking the kool-aid by believing this? Is this just meant to prevent further questions that the firm does not know the answer to?

Any AICPA coupon codes out there recently used?