Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile
Mark Wagner CPA

@mark_wagner_cpa

Certified Public Accountant, Real Estate Investor, Mentor.
Dad to 5, Grumpy grand-dad to 13 (so far), Nerd.

ID: 1323305197737857025

calendar_today02-11-2020 16:45:47

3,3K Tweet

414 Followers

138 Following

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

#TaxTwitter help New client has a partnership that owns two rent houses. Tenants are their adult daughters. Who both lost their jobs during the year & didn't pay much rent. Now I learn that the daughters are also 11% owners of the partnership. Red flags everywhere. Run?

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

#taxtwitter Client owns 12 restaurants filed 2020, large refund carried over to 21. in 2022 rec'd final 2020 & 21 ERTC @ different amt, so we amended. Reduced refund; penalized $19k for the underpayment. got the tax moved back to 2020, but IRS not removing penalty Advice?

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

#taxtwitter is a client REQUIRED to have an IRS online account to approve transcript requests? I have a guy who is... "technologically challenged."

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

#taxtwitter 1031 question. TP deferred gains into 4 commercial lots. subsequently sold small ($60k of a $2m total) sections to city for pipeline and other infrastructure. Do I need to apportion and recognize any gain on those small sales?

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

Yesterday I received an IRS letter (for me personally) for unpaid taxes. From 2016. This is indicative of how fucked up the IRS is right now. and it's going to get worse before it gets even worse.

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

Our Nation was NOT "founded by immigrants." Britain began establishing the 13 original colonies in the 1600’s. British colonies established by SETTLERS, not immigrants. They came to establish colonies under British rule; not immigrants joining a preexisting nation. There was no

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

Q: I'm going to need dates of birth for you, your wife and both kids. A: I'm 45, Linda is 42. Johnny is 7 and little Suz will be 4 in two months.

Mark Wagner CPA (@mark_wagner_cpa) 's Twitter Profile Photo

Anyone else having issues with Drake? Wednesday's update screwed up the link to my network where the files are saved. also screwed up printing to adobe. I've been offline for about 36 hours.