David Pope
@DAPCPA
Followers
1K
Following
4K
Statuses
3K
Tax policy/crypto policy geek. Digital Assets are our future! CPA, CGMA Creative solutions to complex business issues. Not tax or investment advice.
Wyoming and Colorado
Joined February 2009
Absolutely. This scenario doesn’t even meet that base. And certainly not 150 to 200 hours at $50 per hour. Then you look at the possible adjustments that could be made. 7k per year transferred to the taxpayer’s tax return, let’s say 30% additional tax rate, so about 2k per year per child, 6k total per year. 18k total for three open years. Could double if penalties can’t be negotiated. Not to mention interest. Also potential excise tax on over-funded Roth. Anything I missed?
0
0
3
UK Wants to spy on you! @Apple cloud carries US citizen’s private information, including financial and tax. UK has no right to spy on us. If @apple complies, I will suggest all of my clients change providers. @realDonaldTrump
@elonmusk
@elonmusk
@SenLummis
@GovernorGordon
0
0
0
@Jmcgowan3838 If you have it, could you share the statistic for first-time takers of each part?
0
0
0
@ForemanTaxLaw Ok, Sport. As someone who has trouble remembering people’s names, I have to rely on nicknames a bunch. That and my favorite line from as Punk Floyd song “Hey You. Yes, YOU”
1
0
0
@governorgordon nails it. I have been working on the Wyoming digital assets ecosystem for nearly 8 years now and the @wyostable will be the culmination. The process has been consistent, fair and transparent. And I love that I have been able to be part of it.
OPINION: States have a unique ability to issue stable tokens — a form of cryptocurrency — that can increase the U.S. dollar's hegemony and function as a public good, writes @GovernorGordon. Wyoming aims to lead this initiative.
0
0
0
@EconWithNick I agree. The problem is that e-filing/e-payment is required in many cases by the Federal Government. As e-payment also becomes more prevalent within commercial services, a business can’t run without a bank account. Your thoughts on a solution for legal businesses?
1
0
1