Introducing Grok 4, the world's most powerful AI model. Watch the livestream now: x.com/i/broadcasts/1…

I just got Chatgpt Agent. Can't wait to try it out.

There are a *lot* of folks offering webinars and presentations about the new tax law. This is a reminder to rely on trusted #tax pros (and not individuals who have stumbled into the space due to SEO and trends). I've seen SO many sketchy videos already. Let's be safe out there!

Effective immediately: SMB Law Group no longer types emails. We’ve outsourced that to the robots.

“I need a more proactive tax strategist!” “I need a CFO who can help me increase my cash flow!” “I need a bookkeeper who can help me understand my expenses!” No. You need to earn more money and make your estimated tax payments.

S Corps are good if: - you are not an SSTB - if you have a very high profit and distribute it all - if you are service business and will not get QSBS - live in a high tax state and want to utilize PTET - you are not taking on debt C Corps are good if: - you plan to reinvest most

For those wondering what dealing with the IRS today....

For anyone wondering what's going on in Tax Court, the answer is not a whole lot. Today, we got this gem of an exchange - where a W2 employee claimed to not know his employer and claimed that he didn't "make money." He wound up with a $10,000 penalty in a classic case of FAFO

If it isn’t documented, it didn’t happen. That’s the IRS playbook.

I love it when non-lawyers think they can just make stuff up when talking about the law. That's our job.

Make sure you read your S-Corp LLC agreements carefully! Terms like "capital account," "preferred return," or "§704" could accidentally bust your S-election and result in a C-Corp. This is especially important when converting from partnership to S-Corp.

Here's an idea, IRSnews , let us do more online. Let us get transcripts longer than 3 years old. Let us look at notices online and submit responses. You can make your jobs and our jobs easier.

The government may be shut down, but IRS remains open. The IRS says there will be no changes to its operations for the first five days of a government shutdown, thanks to a reallocation of funds from the Inflation Reduction Act (IRA). Here’s what we know. forbes.com/sites/kellyphi…

Law school: “You’ll argue in front of the Supreme Court!” Practice: “Please fix this comma before the lender notices.”

PSA: Before you call your tax person to ask why you're getting a letter from a taxing authority to pay your taxes, please look to see if you actually paid the taxes first.

IRS math error measure heads to Oval Office open.substack.com/pub/dontmesswi…

To my billionaire friends: keep your receipts. (jk I don’t have billionaire friends.) But seriously: 4 years later CA is hunting down those who left. “Narrative of the circumstances surrounding you becoming non-residents”… what a joke. This is what a failing state looks like.