Andy Lindeman, EA

Enrolled Agent, Tax Advisor, Software Developer 🤓 Blog at 💰 Nothing I say on X/Twitter is financial or tax advice.

[Andy Lindeman, EA @alindeman]

@FortWayneCPA Classic. So many misconceptions around interest tracing. It depends what the loan is used for, not what it is secured by!

[Andy Lindeman, EA @alindeman]

@RobertAdes3 @TaxSouthwest They neglect the fact that the lump sum payout reduces the gross to ~50% of the headline number right away. That part isn't tax.

[Andy Lindeman, EA @alindeman]

@TaxSouthwest Classic viral tweet: roughly gets the end result correct, but (intentionally?) botches the explanation (lump sum versus annuity).

[Andy Lindeman, EA @alindeman]

@CPATaxTeam @AmericanAir Weather in commercial aviation is not as simple as "weather is good here and there, let's go"

[Andy Lindeman, EA @alindeman]

@mkoontz328 @rledbetterCPA Thank you so much!

[Andy Lindeman, EA @alindeman]

@mkoontz328 @rledbetterCPA Thanks! Where'd you get it from originally? I am mostly wondering what I'm not subscribed to 😅

[Andy Lindeman, EA @alindeman]

@jennyrozelle 🫣 indeed

[Andy Lindeman, EA @alindeman]

@jennyrozelle Can an AI agent be named as a successor trustee yet? 😅 🤔

In all seriousness, I feel like someone is going to test the waters on this kind of thing at some point.

[Andy Lindeman, EA @alindeman]

@azmark99921960 @rledbetterCPA Unfortunately no. Deprecation allowable reduces basis even if it is not actually taken. Competency in tax prep matters.

[Andy Lindeman, EA @alindeman]

@rledbetterCPA Oofa, was fixing some of it via Form 3115 an option?

[Andy Lindeman, EA @alindeman]

@SiegelMicha Have you seen https://t.co/IyeCzO1z0k ?

[Andy Lindeman, EA @alindeman]

@camp_wealth I thru hiked the Appalachian Trail in my late 30s, but hung out with many folks doing it in their 20s. I was so happy to see them not delaying it.

[Andy Lindeman, EA @alindeman]

@cordes_tax Hah! Is it a narrative? Or do you go form by form line by line?

[Andy Lindeman, EA @alindeman]

@Invested_In_You @money_cruncher Which pieces stand out to y'all the most?

[Andy Lindeman, EA @alindeman]

@CPATaxTeam 🔥👍🏻

[Andy Lindeman, EA @alindeman]

@CaydenWMcLaugh Sure!

[Andy Lindeman, EA @alindeman]

@zachary_ashburn @jennyrozelle Makes sense 👍🏻

[Andy Lindeman, EA @alindeman]

@jennyrozelle Do you ever see people create a new account (retirement/IRA or taxable TOD), transfer some exact amount to it and use beneficiary designations to effect a transfer at death as an alternative to making updates to a will for new, small bequests they think of later?