i'm a tax accountant. we're already planning on how to price gouge everyone on all of these tax code changes (no tax on overtime, no tax on tips.) my minimum 1040 is going from $525 to $625 and my minimum entity return is going from $2500 to $3000. this is a golden age for us CPA/EA chads.

>>60581584 (OP)
Who fucking pays for someone else to do taxes? It literally takes like an hour of your time.

>>60581605
~50% of americans pay someone to do their taxes. basically everyone with an interest in a business pays someone to do their taxes.

ai is going to take your job within 2-3 years

>>60581648
no it wont because youre too fucking dumb to do a reasonableness check on the AI output and people pay me to know what im doing, to get it right, and, as a licensed CPA, to potentially represent you in tax court.

the fact that you think "AI" even exists proves that i'm right and you're a dumb fucking poor retard who probably gets his sub $50k a year W2 poorfag income tax done for free at VITA.

go fistfuck your own stupid asshole until you die from internal bleeding, retard faggot.

>>60581686
youre boned my friend. clock is ticking

>>60581698
ill keep that in mind as i collect on ~$300k of work between january 1st and april 15th.

>>60581584 (OP)
A $100 increase? Fuck I’m glad i quit accounting and run my own company

>>60581648
>ai is going to take your job within 2-3 years
If you've ever used AI on serious work that requires enormous amounts of context, it's nowhere close to ready.

>>60581584 (OP)
Neato, but how are you going to compete with grok? You know for the past couple years it has become common for even turbo normies to have ai prepare their taxes. I did it myself last year and have no technical experience or tax experience. I just told it everything and it generated the line item entries for me to input in the forms. I got a stamp and envelope from my boss' desk and filed completely for free. Got the largest tax refund in my entire life this way and will never hire an accountant again. I'm pretty sure you fags use it to prepare client returns as well, so why pay?

>>60584500
I'm honestly surprised someone hasn't fully trained and tested a custom made AI for tax forms and charge $1 per form to undercut tax accountants yet.

>>60581648
>>60581686
i find it funny how people misinterpret this always when its their own line of work
no this doesnt mean ai will be fully autonomous and do everything itself, it does mean that ai will create such large efficiency gains that the required amount of wagies to achieve the same output drops drastically
and since retraining will be slow as wagies cling to their illusions the labor conditions for those that hold on will drop rather noticeable
but i hear you interdict i am le epic self employed master race, the rates you can charge will be a race to the bottom as large outfits with custom ai agents will outbid and outwork you on every level
it will be one giant consolidation in a few ai firms, you have no idea how hard the bells are tolling for thee op
since dont forget a straightforward rules based system like taxes is the prime domain where ai excels in

>to potentially represent you in tax court
i am sorry you hold a law degree, you are a legit tax attorney
cause accountants are worthless to defend yourself

>>60584500
>Got the largest tax refund in my entire life this way and will never hire an accountant again. I'm pretty sure you fags use it to prepare client returns as well, so why pay?
this is the exact type of retard who will receive a very unpleasant visit from an IRS revenue agent. kek. can you explain, even at a high level, what is driving your refund being so high? what changed relative to your prior year tax filings?
>>60584566
okay mister neet. i'll keep that in mind. >>60581718

>>60581584 (OP)

>i'm a tax accountant

Nice try kike, I see your nose from here.

>>60581584 (OP)
It's going to be hilarious when the IRS is gone and your job is 100% worthless.
You may as well be a government worker on the teat.

>>60581605
I have $5MM in total assets, multiple trading accounts, multiple CEX accounts, a legal entity I funnel profits through, etc. I would pay my CPA double what he charges, that’s how much money he saves me in taxes.

>>60584611
>It's going to be hilarious when the IRS is gone
max IQ to believe this? all of the big beautiful bill provisions make tax law more complex and most of the fired IRS revenue agents were 1) newbies not outside of the 1 year probationary period and 2) rehired after trump realized he fucked up.

>>60584611
>>60584634
also i believe DOGE literally "deleted" the code that ran the free IRS e-file portal. kek. https://www.cnn.com/2025/02/05/business/musk-irs-direct-file

>>60584612
thank you for understanding what we do. i am the ultimate "value add" service for us unfortunate US tax slaves.

>>60584634
>>60584637
You are coping.
I'm pretty rich and have a CPA. Easily 3SDs to the right on the chart. Wife is a neurologist.
It's going away because they don't need you.

No one brought up the BBB but you. There will be a small industry serving people like me. Make sure and focus on that.
The stuff you posted above will not be work that is being done anymore.

>>60584637
I hadn't even read this one before responding.
Connect the dots. These people aren't going to be filing at all eventually.
It's total chump change, already 20% replaced by tariffs income (which I as a rich person am paying), and will help keep the rabble in place when the feds get off their back about $1,700 everyone knows the feds don't need.

>>60584645
yes, yes anon and im 6'6 with a 10" dick, very nice larp.

>>60584637
Pathetic triple response, but it just hit me that I went to and used this portal just recently to check a filing status because I ALWAYS file and extension like a boss.

>>60584660
No. I'm 5' 8" with a 7" dick.
My wife is a hot neurologist. Like smoking hot.

I used a real life example of someone that will be filing and may need your services. Focus on me for the next few years and try to build up a wealthier client list.
They will gladly pay a lot as you mentioned. But these lower brackets will not be bringing you any volume soon.
Advice. Take it or leave it.

In business, you want to cater to people with money. That's the biggest thing to understand about business.
Unless you are globocorp, then your services should be entirely focused on people with a lot of money.

>>60584666
think about second order effects anon
if the total demand for cpa services falls in the economy without an accompanying drop in the supply of cpas the pricepoint they can charge their services at must drop as a result
services arent priced in ratio to the value they bring the client but in ratio of the availability of said service in the free market

>>60584571
>insulting people on the internet makes ai go away
have fun with your life anon, i didnt say it would happen this year but you are a fool if you cant interpret long term trends

>>60584728
>have fun with your life anon, i didnt say it would happen this year but you are a fool if you cant interpret long term trends
anon not even the slave driving mcdonalds tier firms like H&R Block are using """AI."""" you are retarded and have no idea what you're talking about.

>>60584736
if the total demand for cpa services falls in the economy without an accompanying drop in the supply of cpas
75% of all active CPAs will retire over the next 10-15 years btw.

>>60584728
Not really. I don't hire low level tards. Most CPAs are pencil pushers with not GUTS and won't help you against he IRS or have been trained to watch for standard deductions and simple things.

They aren't CREATIVE and they don't have a very in depth understanding of the tax code.
Their skills are not in demand by me.
The anon above specifically says he's charging more to people that don't make much money.
HE is going away if he doesn't raise his level. High end services demand a paycheck.
But doing taxes for wagies with a house and mortgage and making sure they take their deductions because they are literally retarded is not a high level service.

I don't know entirely, but OP sounds like the guy I call to tell "get me your boss I have something to talk about."

>>60584747
anon this all sounds like a very gay and unsophisticated larp. quick question, and for a BIG BRAIN TAX GUY like you this should be very straight forward. how does income derived from a partnership make its way from the entity to the individual?

>>60581605
I would pay $1000 just to not have to think about taxes for 3 seconds

>>60584771
Well I HIRE people to know this stuff because I have a lot of real estate, PPE, depreciation, etc.
But now I'm in a partnered LLC with only two members. So I take a paycheck as an employee and the other partner takes profit along with me at a 50/50.

We have to take equal amounts out generally, but IRS doesn't seem to care too much about what "equal" partner compensation is and since my paycheck registers as just an employee paycheck it doesn't factor in.

We usually just write out a check for ourselves from the till at the end of the year for whatever we agree to take off the top. I'm the COO or operations manger and run the place.

My issues arise with family land, real estate, office rentals, depreciation and where I should take deductions as I funnel money to my mother and write off PPE in the most beneficial spot.

We have farm land, so are a registered farm, but we aren't farmers, just have farm income. But a farm lets you write off a lot of things.

>>60584805
Continued as response was too long...

I also own the most highly valued building in my community (small community, valued at a million for property tax purposes).
So I need someone that can arrange a lot of affairs and give me ideas on where I should be funneling and spending the money.
Setting up things like the LLC renting off of me personally and to what degree and at what rent level that keeps me personally paying less taxes.

Its' further complicated by my wife making $400,000/y, so I believe we will stop filing jointly this next time around.
There is a LOT here to tinker with and it takes expertise.

The question you asked seems a a little simplified and not really relevant to reducing my tax burden.
When SALT went away a few years ago (I'm in IL) I had to rejigger.
The BBB just moved it back up to $40,000 which covers almost entirely my $52,000 a year in local property taxes on my commercial property. So now I can start reporting more income because I can deduct it.
It's a FUCKING LOT and I use high level help. I don't need someone telling me to make sure and collect my receipts for small time shit.
I am not a tax expert. I need one.

>>60584771
Post burner email if you actually have expertise with these things and I'll hire you maybe.

I did about 3 weeks of 12 hours shifts in June. My pay rate was $49/hr but with overtime that be $73.5. do you guys think I hit the $12,000 tax deduction already? I did a bunch of 10s at the beginning of the year too. Does this mean I'll get $12k more than I would've last year or just $12k of my income will be taxed a lower amount?

>>60584805
>>60584807
>>60584808
>dodges question
>story changes from >>60584645 im a cpa to >>60584805 w-well actually i HIRE these people
anon, for some dumb reason i remember you bragging about being a stay at home NEET or some nonsense with a 'neurologist wife' in another thread several months ago. if i had to guess, the reality is that you're unmarried and a minimum wage loser or collecting $900/mo on SSI disabilitybux because even the state thinks youre too much of a mentally ill freak to work for a living. do me a favor and get the fuck out of my thread, you stupid larping nigger.

>>60584815
the "no tax on overtime" above the line deduction is for the "half" portion of "time and a half." so let's say you make $7350 in overtime wages, calculated as $49 x 1.5x OT rate x 100 hours. you get an above the line deduction of $49 x 0.5 x 100 hours = $2475. assuming your highest tax bracket is 22%, that's a $545 tax deduction.


also it phases out at $150k MAGI.

>>60581605
found the wagie

>>60584824
holy shit you really are this retarded, unironically so even
anyone with an above room temperature iq can understand from what anon said that he has a guy hired thats a cpa do his taxes for him, not that he himself is a cpa
i also like how your default is everyone that disagrees with me is social security tier poor

i cannot fathom how someone with your disability in reading comprehension or iq can be an effective accountant

>>60581686
Another tax accountant Chad checking in. He is right. If you think for even a second that the vast majority of retards can figure out what prompt to tell AI to get their taxes done accurately, I have shiny rocks that I definitely did not just spray paint to sell you.

fuck taxes, never filing again

>>60584944
my bad. i took 'i have a CPA' to mean 'i have a CPA license' as it's a common phrasing in """the industry."""" i feel like an even bigger idiot for arguing with this retard.

>>60585018
you should care what he says tho, since he is voicing the concerns or demands of your most valuable prospective clientele

in his next sentence he literally says 'serving people like me', really anon are you quite autistic, since thats the only plausible explanation to be good at accounting and failing this bad at language
cause the meaning in that rather short post was easy to deduce

>>60581605
>Who fucking pays for someone else to do taxes? It literally takes like an hour of your time.
Posted by a retard who thinks everyone works at a Taco Bell and makes $50K a year.

>>60581584 (OP)
Good for you, i file my own returns because im not a fucking retard and its pretty easy though

>>60585018
>I have a Certified Public Accountant
>I have a Certified Public Accountant License

hmmm thats a strange "common phrasing"
how would you say the first?
I own a CPA?
A CPA is beholden to my will?

>>60581605
people who aren't just W2fags

>>60585161
Software will do that shit for you these days. I'm not paying some fat loser book keeper to check my receipts in between wank sessions.

>>60581584 (OP)
Do you like being an accountant, anon? Or just memeing?

>>60585599
yes. i work very hard during tax season but it's incredibly comfy the other 8 months of the year.

>>60585602
Nice. I'm a CSfag and am considering just switching to accounting and maybe picking up my CS degree later after getting gainful employment

>>60584572
You know there are many non-jew accountants…
I mean, I get you’re always looking for a chance to be hateful but you should at least be consistent

>>60581584 (OP)
>fill out taxes
>just guess at some of the numbers
>taxslayer says IRS accepted my return
>i'm 100% sure I probably paid the wrong amount
Don't matter, Trump gutted the IRS, they aren't auditing anyone.

>>60584640
When I made it I had a phone call with a friend of a friend who has hundreds of millions. He told me that a good tax accountant would save me twice as much as any financial advisor would make me. So far he’s pretty much been spot on. Plus my accountant and I are bros and go on skiing trips together. I call him once a week (unbilled) just to complain about our wives and shoot the shit.