Josh Hamlet

Tax attorney. Founder @ClarityTaxLaw.
🎰 Gambling · 🌿 Cannabis · 🎥 Creators · 🤝 Nonprofits

[Josh Hamlet @Josh_Hamlet]

taylor swift must be losing her mind rn if the msg wedding rumors are true

[KNICKS ON MSG @KnicksMSGN]

That's 13 Straight Knicks WWWWWWWWWWWWWins😤

@NYKnicks | #AlwaysKnicks

[Josh Hamlet @Josh_Hamlet]

NY taxed a guy for working from home during a lockdown it ordered, and its defense is he could’ve worked “from within New York.” From WHERE?! Everything was closed. The state shut every door in New York and then sent him a bill for not walking through one.

[Tax Notes @TaxNotes]

Judges with a New York appellate court questioned whether the state's convenience of the employer rule is rational in its treatment of remote work during the state's COVID-19 restrictions. https://t.co/EPxKTYvzid

[Josh Hamlet @Josh_Hamlet]

Corporate tax havens only work if someone else taxes the money. The world built a whole system to make sure someone always would. This administration looked at it and said “it’s not you, it’s me” and now there’s $40B sitting in a Maltese P.O. box.

[Rep. Don Beyer @RepDonBeyer]

This administration continues to enable the wealthiest individuals and corporations to dodge paying their fair share of taxes.

While corporations have avoided $40 billion in taxes, everyday Americans are struggling to afford basic needs. Unconscionable.
https://t.co/QOmAsBUQR3

[Geraldo Rivera @GeraldoRivera]

Giving taxpayer money to January 6 rioters is nauseating.

[Kyle Griffin @kylegriffin1]

The top lawyer at the Treasury Department stepped down in the wake of the creation of that $1.8 billion 'slush fund' that could soon be making payments to Trump's political allies — and reportedly even Jan. 6 insurrectionists, according to three people familiar with the move.

Brian Morrissey, the Treasury's general counsel, resigned from the position just seven months after he was confirmed. https://t.co/c9ihfUg3oc

[Rep. Jack Kimble @RepJackKimble]

Way too many people are upset about having a fund for the January 6ers, but how else are they supposed to pay their bail or hire a lawyer when their inevitably rearrested for child sexual assault or domestic violence?

[Josh Hamlet @Josh_Hamlet]

but her emails.

[Hillary Clinton @HillaryClinton]

For Trump and his friends:

- A $1.8 billion slush fund, paid for by you.
- A $1 billion ballroom, paid for by you.

For you and other American taxpayers:

- Millions kicked off health care.
- Highest gas prices in 5 years.
- Soaring costs for groceries.
https://t.co/sHG6L1Cdlq

[Josh Hamlet @Josh_Hamlet]

"The Right to a Fair and Just Tax System" my ass.

[Bloomberg @business]

The IRS agreed not to continue any legal claims or investigations of Donald Trump’s past tax returns, adding to a controversial settlement of Trump’s $10 billion lawsuit against the agency over a leak of his tax returns https://t.co/eT1T6NUj4S

[Josh Hamlet @Josh_Hamlet]

I've talked about @HatchRichard's tax case before, but now I want to talk about him as a fan of Survivor.

I was 5 years old when Rich won the first season of Survivor. In the 26 years since, I grew up, became a lawyer, practiced, and went solo. Rich is still litigating his tax case.

Borneo isn't anyone's favorite season, including mine. But the rest of Survivor doesn't exist without Rich, Kelly, Rudy, and Sue figuring out what this show actually was. Rich was the first to realize you couldn't just play nice, that you needed an alliance to win. Every winner since has played some version of that.

The Season 1 finale drew 51 million viewers. Nielsen says the franchise has been watched for more than 700 billion minutes since. Roughly 1.3 million years of viewing.

When Rich won $1M in August 2000, there was no playbook for what happens to a regular American who wins that kind of money on TV. He didn't fully report it. In 2006 he was convicted and served 51 months in federal prison. He has been in tax litigation ever since.

It's different now. @kylefrasr posted a tax day TikTok set to Reba's "I'm a Survivor." @savannahlouieTV talked with @mrsdowjones about the gut punch of seeing how much came out for taxes. They came home knowing what was coming because Rich didn't.

Tomorrow is the Season 50 finale. @survivorcbs said every previous winner was invited. Rich was not. The original winner should be in that room.

[Lyle 🏝️ @_FromTheIsland]

Richard Hatch says he wasn't invited to the Season 50 live finale

[Clarity Tax Counsel @claritytaxlaw]

New in @TaxNotes

§280E and §165(d) are doing the same thing in two different domains: imposing punitive tax treatment on activities the drafters had in mind 40 and 90 years ago, applied today to populations the drafters never imagined.

[Clarity Tax Counsel @claritytaxlaw]

New in @tax

§183 asks whether you're really in business or just enjoying yourself.

For content creators, that's a structural problem. The persona IS the business. The thing that makes it work is the thing the IRS reads as a red flag.

[Josh Hamlet @Josh_Hamlet]

@fintaxdude "We" are dealing with BS CP53E notices while "he" is spinning up a $1.7B fund for his friends.

[Josh Hamlet @Josh_Hamlet]

@ryanmckeen Worth isn't fixed though. It moves with your model, your overhead, your time. The real fear is pricing a moving target.

[Josh Hamlet @Josh_Hamlet]

Started Clarity to be the person you call before you find out the hard way.

Flat fees. Remote. No judgment about how the money gets made.

https://t.co/wwVyDH0ISf

[Josh Hamlet @Josh_Hamlet]

The billable-hour model is the wrong shape for most tax problems.

That's why I'm launching Clarity Tax Counsel: flat-fee, remote, diagnostic-first counsel for fintech, pro gamblers, content creators, cannabis operators, nonprofits.

[Josh Hamlet @Josh_Hamlet]

Tax controversy, same story every time:

"I thought my accountant was handling this."
"My ex-business partner was in charge of operations."
"We don't owe this."

Not knowing isn't a defense.

[Josh Hamlet @Josh_Hamlet]

@j_fishback @sophieraiin ok, so governors don't impose sales taxes in Florida, the legislature does. and 50+50 isn't a sin tax, it's a ban. at that combined rate the state takes more than the creator nets. you can run for governor or you can run the math. I see a choice was made.

[Josh Hamlet @Josh_Hamlet]

@_FromTheIsland what is happening?!?! @HatchRichard @savannahlouieTV

[Josh Hamlet @Josh_Hamlet]

@_FromTheIsland It’s funny, I wrote this while watching the S49 finale:

https://t.co/d3iUjQ77Yk

[Josh Hamlet @Josh_Hamlet]

@biglawbro in sum, “big law is too nervous.” that’s all.

[Clarity Tax Counsel @claritytaxlaw]

Federal §280E is the headline.

The state analysis is fifty.

Three questions, structured output, not advice:

https://t.co/rzXIhrV6hB

[Josh Hamlet @Josh_Hamlet]

@biglawbro part of why I left. the tech literacy gap btwn *some* of those at the top and associates isn’t talked about enough.