Jeremy Wells @JWellsTax
COO/Head of Tax at Steadfast Bookkeeping. Proud husband & father. PhD, EA, CPA ♈️ steadfastbookkeeping.com Need an accountant? ➡️ Joined February 2011-
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Join me today for two hour overview of the Tax Court with a discussion of the role of non attorneys/USTCPs… pathlms.com/naea/courses/6…
One of the biggest cons was tying health insurance to an employer. It stifles entrepreneurship and keeps bad bosses in business.
If your elected federal representative doesn’t know the difference between IRS and FinCEN, please stop electing him. And don’t read the trash op-eds he writes.
If your elected federal representative doesn’t know the difference between IRS and FinCEN, please stop electing him. And don’t read the trash op-eds he writes.
How is this airport security line twice as long at 4am than it is at 8am?
Fun things I've learned from a litigation career, Episode 1: There is an inverse correlation between the amount of vitriol and hyperbole in a person's argument and the strength of their argument. Pretty much everyone sucks at detecting when another person is lying, and the more…
😂 My wife and I always tell each other how glad we are we waited until our 30s to have our kid. We would’ve been so much more terrible parents in our 20s.
Stop worrying about how to save 1% on payment processing per customer and worry more about improving your gross profit per customer by +10%
In case you didn’t already know, @michael_ly_ is good people.
Hey #TaxTwitter these are good tips from Jeremy on using @ignitionapp - I’m a huge fan of ignition.
Hey #TaxTwitter these are good tips from Jeremy on using @ignitionapp - I’m a huge fan of ignition.
The speed at which drivers go just to arrive at the same red light will never cease to amuse me (or my bike).
From proposal to profit: How I optimize @ignitionapp for successful sales open.substack.com/pub/jwellstax/…
There’s a lot of things about humans that I don’t understand. Near the top of that list is the desire to be the first one to board a plane. Why would you want to be stuck inside a metal tube for any longer than you have to be??
It’s also remarkable how the professors are both capable of brainwashing entire lecture halls full of students yet incapable of hacking it in the real world 🤷🏻♂️
It’s also remarkable how the professors are both capable of brainwashing entire lecture halls full of students yet incapable of hacking it in the real world 🤷🏻♂️
Can’t believe how quickly this generation of college students went from being characterized as lazy, unmotivated and unprepared to accomplish anything to a posing such a threat to their elders that they must be subdued by snipers and cops with cuffs and clubs.
Just saw that registration for the Certified Real Estate Tax Strategist program by @RETaxStrategist opens on May 15th. #TaxPros, follow Natalie and get registered if this is an area you currently niche in or are considering.
If you are starting a business 2 very important bit. 1. You don’t have to be an LLC 2. An S-Corp might not actually save you money and actually result in more taxes paid in total.
Learn all about the Form 1040 failure to file penalty in this week's edition of the Tom Talks Taxes newsletter... tomtalkstaxes.com/p/an-overview-…
The @AICPA_JofA is looking for solo practitioners to interview for the August issue, which has a small firm focus. Looking for a diverse group of experiences and perspectives. If you have any suggestions, please message me or email me at [email protected].
Ok yeah I'm officially over text fading in and out and zooming all over the damn place while I'm scrolling your website. I'm just here for some neatly organized information, man.
Logan Graf @LoganGrafTax
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So, I got the approval to go fully remote. Wife and I will be working towards breaking our lease and getting out to the country asap. I will never live in a city again.
My guess? IRS hand keyed in as 1040-ES and not 1040-V. Same result. No harm. BUT just for this case.
Client insists on sending paying balance due with paper check and 1040-V back in March. No problem. I think it is better to pay online, but you do you. Here you go. Today: IRS letter claiming payment was estimated payment and not balance due payment but no worries, we fixed…
@BSG_BobKerr Nah. Dude just really thinks he's going to get audited bc he's on extension. This is not a fixable state of mind. So might as well get him off the other half's case.
@taxtherapist505 I suspect "getting antsy" is a euphemism...
Repeatedly explained to one of my favorite clients that extending is a good thing. They paid their tax in full and things "can only get better" from here...
Message this morning that the half that doesn't interact with me is "getting antsy." Can they go ahead and file? I'm mildly annoyed but...
Hell yes you can file. It is unlikely Congress is going to fix this issue before the 10/15 deadline. Also, if they do, you can afford to pay me to amend. So---whatever. /🧵
I extended a few clients just in case Congress decides to fix the marriage penalty in the SALT cap between now and 10/15. It's unlikely, but it's easier to file timely and claim a refund of tax paid than to amend. Plus, having me file a 1040-X costs, waiting is free... 🧵
This is the best book I've read in a long time. @GinoWickman did an amazing job. Reading it has helped me to think more strategically about my business. It’s forced me to think more about where I want Margin to go in 1, 3, & 10 years. What structure do we need to have in…
@JWellsTax Yes. But also, there are a million and one reasons not to re-elect that guy. Or read his trash op-eds. This honestly, barely registers on the list.
Is anybody else mentally screaming into the void? I’m feeling broken. I’ve spent two hours staring at this phone. I can’t bring myself to answer emails. I’m tired of feeling like I have to force myself to do one thing in the hope that I’ll then do a second thing.
@BrianDavisTax Yea. I feel you. Were you able to schedule any meaningful downtime after the 15th?
@JoshYoungblood I have a crazy story to share one day, I am still not ready to share. Some white collar gangsters used my info during the pandemic and it threw my life for a whirlwind. No security could have protected me unfortunately because as tax pros our info is public.
Join me today for two hour overview of the Tax Court with a discussion of the role of non attorneys/USTCPs… pathlms.com/naea/courses/6…
@Brooks_G_ For a la carte tax preparation, every engagement includes a charge for up to three hours of post filing additional work, which includes handling a notice.
@JWellsTax In all seriousness, this happens at my home airport of BHM too. Never makes sense to me especially with smaller airports.
My civ pro teacher, a former RBG clerk, once told me that the most obvious sign of an incompetent lawyer is underestimating a lawyer’s abilities based on where they are located, work, or size of their firm. You never know why or how someone ended up in the situation you find them
There are arguments on both sides for ghost-written briefs in opposition, but, like, does anyone think the Justices are fooled into thinking that a New York consumer fraud attorney in a two-person law firm wrote this?