I really appreciate your efforts! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
@50000DSI2 ай бұрын
~🦾💫💰💰👑👑💰💫🦾
@monicak26723 ай бұрын
Do you have to take the R&D credit? Does that get you out of 174 Amoritization?
@qmtax3 ай бұрын
You do not have to take the credit. We recommend it because it's very valuable for most businesses. But yes, if you don't take the credit you'll avoid the amortization for it
@debraannmartinez71574 ай бұрын
so you are saying I need to amend my taxes before receiving my checks
@qmtax4 ай бұрын
We can't speak to your specific situation, things may be in order. However we recommend double-checking everything to make sure it's all in order!
@debraannmartinez71574 ай бұрын
I had a company that did my paperwork, and he never said I had to amend my taxes in order to receive my ERC money. I am supposed to amend it and pay the 10% back once I receive my checks
@qmtax4 ай бұрын
We would recommend double checking the work and make sure you got everything in order. We can't speak to if he was correct or not
@elrond78875 ай бұрын
It’s a contributing factor but there’s much larger forces at play
@qmtax5 ай бұрын
Of course. But this is just a specific aspect we were talking about
@jayp25706 ай бұрын
Why would they pass it then!!
@DesignedByMayo6 ай бұрын
Are salaries and employee benefits still tax deductions? Those deductions are still around. This change only affects the stuff companies buy, like equipment and real estate. So, what's the deal? Well, the old rule could've been misused. Picture this: a CEO rents a fancy beachfront place and claims they're brainstorming a new product. Sneaky, right? But hey, businesses can still hire folks for R&D (that's 'research and development') because salaries and benefits are still deductible. You just can't play money games the old way anymore. So, chin up! Get creative with R&D and you'll be fine. Can someone explain it to me like I'm 5 if I've got it wrong?
@qmtax6 ай бұрын
The deductions you're talking about are different than the Credit available through R&D. The credit is on top of deductions and is refundable, meaning you can get a check. It's also 3 years retroactive unlike deductions
@MuktoPakhi-dm1sc6 ай бұрын
Hi, I want to say something about your video, Can i?
@JohnnyMayHymn8 ай бұрын
This still isn't fixed and it's affecting software jobs
@qmtax8 ай бұрын
Exactly. We're hoping this is addressed in the new Congressional Tax Bill about to be passed
@MuktoPakhi-dm1sc6 ай бұрын
@@qmtax Hi, I want to say something about your video. Can i?
@DesignedByMayo6 ай бұрын
Are salaries and employee benefits still tax deductions? Nope, those deductions are still around. This change only affects the stuff companies buy, like equipment and real estate. So, what's the deal? Well, the old rule could've been misused. Picture this: a CEO rents a fancy beachfront place and claims they're brainstorming a new product. Sneaky, right? But hey, businesses can still hire folks for R&D (that's 'research and development') because salaries and benefits are still deductible. You just can't play money games the old way anymore. So, chin up! Get creative with R&D and you'll be fine. Can someone explain it to me like I'm 5 if I've got it wrong?
@MarkJohnson-dx6tk8 ай бұрын
Sounds so sketchy...
@donrasmussen1898 ай бұрын
Mark be rest assured that if you qualify for R&D tax credits that this is a legitimate way to reduce taxes with a great ROI
@qmtax8 ай бұрын
We often say it "sounds too good to be true", but it exists and is an amazing way to regain overpaid taxes from prior years, as well as save significantly going forward. For more information check out our website: www.quartermastertax.com
@vlosa24399 ай бұрын
SECTION 174 is anti constititoional because it goes against article 1 section8 clause 8 of the U.S. constition. : [The Congress shall have Power . . . ] To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries. Inventors can't benefit from this clause because most of us wont be able to reach it due to bad language in Section 174.