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I don’t know your exact circumstances but it sounds like your “decent accountant” was helping you commit tax fraud.
by tanjtanjtanj 1y ago
I don’t know your exact circumstances but it sounds like your “decent accountant” was helping you commit tax fraud.
- dmoy 1y agoPrior to TCJA there were a wider range of allowed deductions for W2 workers. You would not be able to (legally) do that today
- ChrisMarshallNY 1y agoI believe that. It's been a very long time, since I declared anything like that. I think I remember my accountant telling me that I couldn't anymore, so I shrugged, and declared what I could. Also, I retired in 2017. Thanks for not immediately going on the attack.
- dmoy 1y agoFor programmers it wasn't that big of a deal. Maybe some electronics purchases were no longer deductible, or a little bit of software, etc. Home office could be sizeable. Some other professional got royally screwed - e.g. a concert violinist can no longer deduct a $50,000 violin purchase if they're employed by an orchestra as a W2
- ChrisMarshallNY 1y agoDoubt it. Don't forget that they also have a stake in things. That's why we pay them. That's why I say we should have accountants. I'm always thrilled to have strangers on the Internet attack me, and even attack an accountant that they never even heard about before. Thanks! Have a great day!
- tanjtanjtanj 11mo agoI didn't attack you, I'm sorry you took it that way. Have a great day, or whichever passive aggressive sign-off you'd prefer!