Peter Fiorito

Content about business, travel, and living a sovereign life

[Peter Fiorito @pedro_fiorito]

So it begins. The US government just drew a line between who gets access to frontier intelligence and who doesn’t.

The global economy starts splitting in two today. No turning back from here.

[Anthropic @AnthropicAI]

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.

The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.

Access to all other Claude models is not affected.

We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.

Read our full statement: https://t.co/bwn0sximKZ

[Peter Fiorito @pedro_fiorito]

@juanif17 Hay varios limites no naturales que te cortan la ciudad, siempre hubo muy poca vision de planificacion urbana.
Al dia de hoy, toda la costa esta desaprovechada por temas similares.
O soterrar o elevar, cada una con sus pro y sus contras

[Peter Fiorito @pedro_fiorito]

Massive disruption coming soon... ⌛️

[Peter Fiorito @pedro_fiorito]

@BowTiedMara Plenty of serious people handle this kind of succession and wealth-planning work in Argentina. The trick is knowing who actually does it and will respond. I’d talk to @marianosardans.

[Peter Fiorito @pedro_fiorito]

@hispanicnomad @teodorio flag theory and 2-3 places kind of solves this. No one place will fill every need, but 2 or 3 "bases" gets you closer to a working solution.

[Peter Fiorito @pedro_fiorito]

Low/mid-level replacement → top-end complement → labor oversupply → salary compression.

Roles survive. Bargaining power doesn’t.

[Daniel Vassallo @dvassallo]

I just filed my taxes with OpenClaw. Here's how it went.

I sold my 90% stake in a business last year for $1.8M cash (installment sale: half in 2025, half in 2026). I also had a single-member LLC, brokerage income from dividends and stocks, HSA distributions, ACA marketplace insurance, 3 real estate properties, prior estimated tax payments, foreign income tax credits, and three kids. Not a simple return.

I usually pay a CPA. Last year it cost me $8,000 for personal and business returns, and every question took weeks to get answered (so I didn't ask much). This year I decided to see how far I could get with OpenClaw instead.

Here's what actually happened:

Phase 1: Research (Monday)

I had a pile of documents: the purchase agreement, all LLC operating agreement amendments, old K-1s, prior tax returns going back to 2012, bank statements, balance sheets. I fed everything to OpenClaw and said "read everything in chronological order and figure out my 2025 tax situation."

It reconstructed the full entity history: my LLC started in 2019, converted to an S-corp in 2020, became a multi-member LLC (partnership) in 2023, then I sold a small share to an acquirer in 2024, and eventually sold my remaining 90% last year.

Having all the prior returns was huge. OpenClaw traced my cost basis through every transition: original capital contributions, income allocations, distributions, entity conversions. It cross-referenced numbers across years, verified how my previous CPA had handled things, and flagged details I never fully understood, like why my ending capital account was negative and what my recourse liabilities represented.

It even caught an error. My previous accountant flipped the month with the day for when I sold a small share of my business (5/4 instead of 4/5) which meant I got attributed some income for one month that should have gone to another partner. Didn’t change tax due much, but OpenClaw FTW!

By the end of the day, it had prepared a comprehensive summary.md document with all the numbers, forms needed, and open questions.

Phase 2: Actually filing (Tuesday)

OpenClaw researched TurboTax's current plans and saved me $500 by unburying the $129 TurboTax DIY plan I actually needed. Intuit was trying to sell me a $639 package via a recommendation quiz that said there's no other option for my situation. There was!

This was a 4+ hour session where I went screen by screen through TurboTax with OpenClaw guiding every field:

- Brokerage 1099: Imported automatically. OpenClaw verified the numbers matched my records.

- Schedule C (my solo LLC): I had no bookkeeping done for this, so OpenClaw analyzed all bank transactions and prepared the P&L. I only had to recategorize one transaction because it was a reimbursement for something I had paid for personally.

- K-1 partnership income: No actual K-1 yet (the acquirer hasn't filed the entity return), so we estimated my share of the partnership based on bank statements and revenue data.

- The installment sale: This was the hardest part. TurboTax kept double counting the gain, reporting it through both the K-1 disposition AND Form 6252. We had to zero out the K-1 sale fields and let the installment sale section handle all the gain reporting. Took several attempts to get right.

- Itemized deductions: Mortgage interest, property taxes, local sales taxes, and so on. Uneventful, and OpenClaw correctly predicted the SALT cap limits I'd run into it. TurboTax confirmed those calculations.

- Annualized income method: Since the $900K installment came in Q2, using the annualized method on Form 2210 saved ~$3,700 in underpayment penalties. This was quite tedious, and I'm not sure an accountant would have done this for me. I've been told "just pay the penalty" before.

- HSA: ~$12K distribution, all qualified medical expenses, $0 taxable.

- ACA Premium Tax Credit: 1095-A entered month by month for 11 months of marketplace coverage. I quit the ACA plan in November, in favor of CrowdHealth. No deductions from them unfortunately.

At the end, OpenClaw reviewed the final 137 page tax return draft return line by line. Total federal due: $125K, excluding the ~$40K in estimated taxes already paid throughout 2025. — Have you said thank you once, Donald?!

What worked well:

1. Document analysis. I threw PDFs and CSVs at it: purchase agreements, K-1s, old returns going back years, bank statements, and it extracted exactly what was needed. Being able to say "look at my 2022 return and tell me what basis my CPA used" and get an answer in seconds was invaluable. Way faster than explaining things to a human.

2. Answering questions in real time. Instead of emailing a CPA and waiting days, I asked "what are recourse vs nonrecourse liabilities?" and got a clear answer in 5 seconds while staring at the TurboTax field. This back-and-forth is what made the whole thing work. Every question I had, answered immediately.

3. Catching optimizations. The annualized income method, investment interest expense from brokerage margin, etc. Small things that add up.

4. Cross-referencing prior years. Having OpenClaw dig through my old returns to verify how things were previously handled gave me real confidence. I could see that the numbers were consistent with what my CPA had done before.

What didn't work well:

1. Driving TurboTax directly. I had OpenClaw try to fill in the forms via browser automation. Too slow! TurboTax's multi-step wizards with radio buttons and dynamic forms don't lend themselves well to AI control yet. We switched to me clicking while it dictated what to enter. I'm optimistic this will be improved soon.

2. TurboTax's installment sale handling. This was genuinely tricky. The double counting issue required a creative workaround. A CPA familiar with TurboTax would know the right workflow. OpenClaw had to experiment.

3. No K-1 yet. We estimated the partnership income. When the real K-1 arrives, I'll probably need to amend. This is the same problem I'd have with a CPA though. But if the K-1 preparer was using OpenClaw, maybe I would already have it!

What to watch out for:

- You need to know your own situation. I'm not completely ignorant about tax prep. I had a reasonable expectation of what the numbers should look like, roughly how much I owed, what the major items were, and so on. I wasn't relying on blind faith. The ability to ask questions and verify things quickly is what built confidence.

- Complex form interactions are tricky. The TurboTax installment sale / K-1 double-counting issue could have resulted in extra taxable income if we didn't catch it. Having a sense of what the final number should be matters.

- You still need to understand your own finances.

The bottom line:

Total cost: $129 (TurboTax Premium) vs $8,000 I paid my CPA last year. Also $23.90 in OpenAI GPT 5.4 tokens, including drafting of this post :)

Time spent: ~6 hours total across research, prep, and filing. Still faster than dealing with a CPA, and I got much better answers.

The biggest difference wasn't the money. It was the speed of answers. Every question I had during filing got answered in seconds. That real-time loop of "what does this field mean?" → clear explanation → enter the number → move on is something no CPA engagement can match.

Next year, I'll know the drill. And OpenClaw has memory. That one should be much simpler.

Long live the claw! 🦞

[Peter Fiorito @pedro_fiorito]

@hispanicnomad inventory anywhere decent in Madrid is completely dry. I assume due to regulations.
In any case, seems apart hotel/hotel is the only move available.

[Peter Fiorito @pedro_fiorito]

@hispanicnomad Rule of thumb: Avoid Spain for anything other than a nice holiday 😂

[Peter Fiorito @pedro_fiorito]

@hispanicnomad I'd go to Rapa Nui. There are other more niche alternatives but I think this one is a good balance of "easy to get" and quality.
Similar taste profile(s) as Gelateria La Romana in Italy.

[Peter Fiorito @pedro_fiorito]

@bowtiedbrazil Non-residence comes from the SRT, not from filing a form.

The problem is that the SRT is more fact-sensitive than people pretend, especially once you get into ties, work patterns, and split year treatment.

[Peter Fiorito @pedro_fiorito]

@kadiogluakin @aixarizzo @flybondioficial weird finding you in a random thread on my timeline @kadiogluakin. Life is a simulation.

[Peter Fiorito @pedro_fiorito]

Apparently I’ve been “100% transparent” about this the whole time 🤣

Need to fix that. More travel this year.

[Peter Fiorito @pedro_fiorito]

@BowTiedBull Sometimes you just ask: what would Porfirio do?

Launch. Today.

The rest is up to you.

[Peter Fiorito @pedro_fiorito]

@gptcrosa hace meses que vengo usando claude con acceso a ciertas partes de mi filesystem.
Pasa de ser algo de nicho a ser abierto a todos... y asi con todo.

[Peter Fiorito @pedro_fiorito]

@jpaask el problema es no poner suficiente foco en el segundo punto.

Seleccionar oportunidades en base a inclinaciones/talento natural y despues ajustar en base a los resultados (feedback de mercado).

El resultado es lo que mantiene el proyecto andando.

[Peter Fiorito @pedro_fiorito]

@aeste015 @BowTiedMara Italians left mainly via three ports: Genoa, Naples, Palermo.

Early routes to the Río de la Plata were heavy out of Genoa while Naples/Palermo fed traffic to both South America and the U.S.

The bigger driver wasn’t the port but policy & land ofc.

[Peter Fiorito @pedro_fiorito]

@aeste015 @BowTiedMara Main Italian gateway to the Río de la Plata was Genoa.

Add the Avellaneda Law (1876) subsidized transport/lodging for farm colonies and the agrarian shocks in north Italy.

Result: the Pampas became the new agricultural frontier

[Peter Fiorito @pedro_fiorito]

@levelsio @EU_Commission You are assuming their objective is to compete or make EU better in any way.

Their only objective is to extract as much as they can for as long as they can before their time in power runs out.

[Peter Fiorito @pedro_fiorito]

@bowtiedbrazil we are months away from massive disruption in the work force. In some cases, we are already there.