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The Chia Network- How to build a computer to Farm (“mine”) $XCH (Chia) FAST! AND earn $4k-$8k/month in income?

IRS TAX HELP and TAX RELIEF for BITCOIN & CRYPTOCURRENCY AIRDROPS –YOU NEED a CPA or Tax Attorney!

RIPPLE XRP AIRDROP TAXED? What is Flare Network (FLR), Flare Finance (DFLR) PASSIVE INCOME FOR LIFE?

Will There Be a Second Stimulus Check in December? A package Pelosi and McConnell finally AGREE ON?

BITCOIN DIGITAL GOLD! US TREASURY, EU COMMISSION, OECD BAN BITCOIN?, RIPPLE XRP REPLACES SWIFT BANK?

US TREASURY SAYS BITCOIN/XRP=CURRENCY, BANS SELF HOSTED WALLETS, and INCREASES CRYPTO TAXES?

2021- Social Security Changes Tax Increase of 3.7% and 1.3% Benefit Increase.

No Second Stimulus Check for 2020 Trump Shuts Down Talks

Welcome to The Accountant.Tax!

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James Yochum, CPAFollow

James Yochum, CPA
JTheAccountantJames Yochum, CPA@JTheAccountant·
25 Nov

Happy Thanksgiving Twitter Family! Enjoy the day with family and friends.

If you know someone who is alone today, I’d encourage you to extend an invitation to your family gathering if you’re able. It’s been a rough few years for everyone.

Stay well!

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JTheAccountantJames Yochum, CPA@JTheAccountant·
22 Nov

⏰Parents⏰

Did you spend $16,000+ on child care for two or more qualifying children this year?

There's a big possibility you'll be getting...

$8,000 (50%) as a fully refundable credit for 2021

Under the Child and Dependent Care Credit revisions in ARPA (American Rescue Plan)

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JTheAccountantJames Yochum, CPA@JTheAccountant·
19 Nov

The IRS and @POTUS administration ladies and gentleman.

Increasing enforcement while hoping to answer IRS phone lines 70-80% of the time.

Give them a hand 👏

Personally I’d start off with answering them 100% of the time, before starting more enforcement 🤷‍♂️

James Yochum, CPA@JTheAccountant

@W_Holtsman @POTUS Something about increasing enforcement by 60bln when phone lines are answered 5% of the time, and assuming 20bln will cover the new HUGE surge of people needing to contact trained IRS agents 70% of the time who help is well….

Insane

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JTheAccountantJames Yochum, CPA@JTheAccountant·
19 Nov

Anyone who thinks this is a thing….. it’s not.

Look up Kiddie Tax.

It taxes a minor child’s (under 18, or 24) unearned income …including capital gains distributions, dividends, and interest income, at the parents’ tax rate if it exceeds the annual limit ($2,200 in 2021).

Random Girl@npkvpgmmn5

@JTheAccountant Parents can give their kids up to 15,000$ worth of btc which they can cash out if so inclined . Cost basis is what parents paid for btc . If the person receiving the gift make under 40k they pay no capital gains .

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JTheAccountantJames Yochum, CPA@JTheAccountant·
18 Nov

Married?

Make six-figures?

Want to pay 0% in capital gains taxes for #Crypto ?

The Long-Term Capital Gains Brackets are progressive at 0%/15%/20%

2021 standard deduction is $25,100 for MFJ

You can earn up to $105,900 in taxable income before you start being taxed at 15%!

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Recent Posts

  • The Chia Network- How to build a computer to Farm (“mine”) $XCH (Chia) FAST! AND earn $4k-$8k/month in income?
  • IRS TAX HELP and TAX RELIEF for BITCOIN & CRYPTOCURRENCY AIRDROPS –YOU NEED a CPA or Tax Attorney!
  • RIPPLE XRP AIRDROP TAXED? What is Flare Network (FLR), Flare Finance (DFLR) PASSIVE INCOME FOR LIFE?
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