Julio E. Garcia, CPA

I help small businesses and their owners tax plan and be tax compliant. My posts are not tax advice. AND, SARCASTIC!

[Julio E. Garcia, CPA @DallasTaxCPA]

@BrianDavisTax Don't forget about the negative cash flowing STR..HuUuGe tAx WrItEoooFf!

[Julio E. Garcia, CPA @DallasTaxCPA]

@CPATaxTeam From my experience the only Augusta rule scenarios that work are the ones where you don't ask questions. Once you start scratching the surface they break down immediately.

[Julio E. Garcia, CPA @DallasTaxCPA]

@CPATaxTeam @cpachristopher @SmithMatthewC I'll never use tax software sold by my competitor.

[Julio E. Garcia, CPA @DallasTaxCPA]

@LoganGrafTax This is what you call a lifestyle firm.

[Julio E. Garcia, CPA @DallasTaxCPA]

@IshDtax @DailyTaxMemes @CPATaxTeam @jamestalarico Not felonious but most definitely in attitude. Its what late stage republic politics require.

[Julio E. Garcia, CPA @DallasTaxCPA]

@DailyTaxMemes @CPATaxTeam @jamestalarico Good guys don't make an impact in DC. Get eaten alive and then you turn into Cornyn. To make an impact in DC you have to be gangster.

[Julio E. Garcia, CPA @DallasTaxCPA]

@PoisedM1 @FCNightingale When you put 10% down, your occupancy goes from 90% to 80% and you can no longer service debt.

[Julio E. Garcia, CPA @DallasTaxCPA]

@TripleNetInvest @americanconsev 1999 everyone was a stock picker 2006 everyone was a realtor

[Julio E. Garcia, CPA @DallasTaxCPA]

There is a lot to unpack here along with forces moving in opposite directions. On one hand you have the bubble bursting in the suburbs concentrated in upper Collin County and East Denton County. This will be exacerbated by the tsunami of tech layoffs driven by AI. On the other hand you have downtown Dallas being clobbered by the corporate relos (ATT+Comerica) to exactly the same area where home prices are resetting, along with dozens of other corporate relos from out of state moving to Legacy, Legacy West, Star District and Frisco Station.

[Julio E. Garcia, CPA @DallasTaxCPA]

@CPATaxTeam If your clients are Gen X and above in age, you can ride this firm till the doors fall off. If not, you're a fractional CFO in 5 yrs.

[Julio E. Garcia, CPA @DallasTaxCPA]

@ForemanTaxLaw @cards_fan_66 A ROBS serving its intended purpose is like a unicorn. Never seen one. What I have seen over and over is people losing retirement savings.

[Julio E. Garcia, CPA @DallasTaxCPA]

@CPATaxTeam @Intuit I take it that terrible UltraTax home page does not seem as terrible anymore.

[Julio E. Garcia, CPA @DallasTaxCPA]

@LoganGrafTax If you are not using an email server like exchange, you'll be dealing with stuff like this.

[Julio E. Garcia, CPA @DallasTaxCPA]

@DMEAssociates I wish I could vote for her.

[Julio E. Garcia, CPA @DallasTaxCPA]

I run a TR outfit. UT+Onvio+SP+Ignition. SurePrep definitely improved this year. The review process is now truly web based. Not that clunky file you had to download to review source docs. Also the tax automation button they added to UT allows you to upload source docs directly to SP from UT. SafeSend is definitely intriguing because of its gather tool. The only thing that is holding me back is that I have to train Onvio clients to use SafeSend if I switch.

[Julio E. Garcia, CPA @DallasTaxCPA]

@cordes_tax Hovercraft are 100% deductible, specially when not for business use. How else are you expected to get from your house to the detached garage and pool. And, qualify for various tax credits. There you go.

[Julio E. Garcia, CPA @DallasTaxCPA]

If this is who you're getting tax advice from, you deserve what comes next.

https://t.co/BV8Hjvjion

[Julio E. Garcia, CPA @DallasTaxCPA]

@LegalFockery @KurtSupeCPA You are such a 🤡. Wesley Snipes did hard time for following the advice of someone like you. Anyone following tax advice from an untrained, uneducated paralegal should 100% suffer the consequences for being stupid.