Jared | CPA • Taxes

CPA | MBA
What the tax rules say vs what people think they say

[Jared | CPA • Taxes @Taxes_Explained]

Taxes are confusing on purpose.

I’m a CPA explaining how taxes actually work for independent and online income — without judgment, hype, or scare tactics.

Sometimes that’s education. Sometimes it’s guidance. Always clarity.

[Jared | CPA • Taxes @Taxes_Explained]

First freshman outing: 2 IP, 6 outs, 6 strikeouts. Welcome to high school baseball.

[Jared | CPA • Taxes @Taxes_Explained]

@Lifeinvestmoney Seems legit! Sign me up 🤪

[Andrew Lokenauth @FluentInFinance]

$10,000 invested in these IPO’s are now worth:

Sears: $0
Enron: $0
Nikola: $0
23&Me: $0
WeWork: $0
JC Penny: $0
Pets .com: $0
WorldCom: $0
Blockbuster: $0
Radio Shack: $0
Lehman Brothers: $0
Bed Bath & Beyond: $0

[Jared | CPA • Taxes @Taxes_Explained]

@cordes_tax I become the editor I never asked to be

[Jared | CPA • Taxes @Taxes_Explained]

@KurtSupeCPA I had a tax client convert their entire traditional IRA to a Roth IRA in a year that they were using the health insurance marketplace. Not only did they have a lot of tax at a higher tax rate, they had to repay the premium tax credit on the health insurance.

[Jared | CPA • Taxes @Taxes_Explained]

@CrownCPA Thanks for the reminder that I have to do a couple 990 extensions!

[Jared | CPA • Taxes @Taxes_Explained]

Hard to beat a spring brown trout in a small stream

[Jared | CPA • Taxes @Taxes_Explained]

This seems accurate

[Dividend Growth Investor @DividendGrowth]

I love this so much

[Jared | CPA • Taxes @Taxes_Explained]

@cartermcclung Yess…this. I don’t know how many times I have explain that an LLC is a legal structure, not a tax strategy

[Jared | CPA • Taxes @Taxes_Explained]

Finally got out of the office after tax season to test my survival skills…

3 morels.
2 trout.
1 Busch Light (full).

Went better than planned.
Skill or luck?”

[Jared | CPA • Taxes @Taxes_Explained]

@IraGilligan I think it means the product doesn’t work unless you pray really hard

[Jared | CPA • Taxes @Taxes_Explained]

@LoganGrafTax Same. I’ve had three people come in this week with incorrect notices.

[Jared | CPA • Taxes @Taxes_Explained]

@cordes_tax @bsuecannon All valid questions to ask. This one was a small acreage and the fence lines were overgrown grass. But their friends tax guy let them take theirs. I told them every situation is different.

[Jared | CPA • Taxes @Taxes_Explained]

@bsuecannon @cordes_tax “I bought a new UTV. I can write it off for my land rent. I use it to check the fence lines.”

I heard that one this year.

[Jared | CPA • Taxes @Taxes_Explained]

@_FinancialCents When they listed my professional fees on the farm schedule worksheet under veterinary and breeding expense. I laughed. But they were a mess!

[Jared | CPA • Taxes @Taxes_Explained]

@CrownCPA Good call on the toilets! Lol

Switzerland would be high on my list. Especially the part with people speaking English and things are easy to understand. I need to do a post tax season trip!

[Jared | CPA • Taxes @Taxes_Explained]

@CrownCPA Oh yuck. I’ve never experienced a European toilet. I need something fun culture in my life!

[Jared | CPA • Taxes @Taxes_Explained]

😎

[Xpedience @Seriously_1970]

Welcome.. to #GenX

[Jared | CPA • Taxes @Taxes_Explained]

Missed a turn on the way to the office…
hooked a chub instead of a trout.
We’ll call it a win. #fishing