How to Appeal an ERC Rejection
8:15
New IRS Rules for Business Meals
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Can you trust your CPA?
6:16
5 ай бұрын
Why You Should Start Tax PLANNING
2:29
Пікірлер
@CharitaMutchler
@CharitaMutchler 12 күн бұрын
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?
@50000DSI
@50000DSI 2 ай бұрын
~🦾💫💰💰👑👑💰💫🦾
@monicak2672
@monicak2672 3 ай бұрын
Do you have to take the R&D credit? Does that get you out of 174 Amoritization?
@qmtax
@qmtax 3 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
@debraannmartinez7157
@debraannmartinez7157 4 ай бұрын
so you are saying I need to amend my taxes before receiving my checks
@qmtax
@qmtax 4 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!
@debraannmartinez7157
@debraannmartinez7157 4 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
@qmtax
@qmtax 4 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
@elrond7887
@elrond7887 5 ай бұрын
It’s a contributing factor but there’s much larger forces at play
@qmtax
@qmtax 5 ай бұрын
Of course. But this is just a specific aspect we were talking about
@jayp2570
@jayp2570 6 ай бұрын
Why would they pass it then!!
@DesignedByMayo
@DesignedByMayo 6 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?
@qmtax
@qmtax 6 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-dm1sc
@MuktoPakhi-dm1sc 6 ай бұрын
Hi, I want to say something about your video, Can i?
@JohnnyMayHymn
@JohnnyMayHymn 8 ай бұрын
This still isn't fixed and it's affecting software jobs
@qmtax
@qmtax 8 ай бұрын
Exactly. We're hoping this is addressed in the new Congressional Tax Bill about to be passed
@MuktoPakhi-dm1sc
@MuktoPakhi-dm1sc 6 ай бұрын
@@qmtax Hi, I want to say something about your video. Can i?
@DesignedByMayo
@DesignedByMayo 6 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-dx6tk
@MarkJohnson-dx6tk 8 ай бұрын
Sounds so sketchy...
@donrasmussen189
@donrasmussen189 8 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
@qmtax
@qmtax 8 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
@vlosa2439
@vlosa2439 9 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.