Dr. Jake Latimer | Doctor in Business - Finance, MST, MBA | Blueprint Advisors | Tax strategy & CFO advisory | The Woodlands/Houston

The Woodlands, TX
Joined December 2022
Tax Court petitions have a hard deadline. Under IRC §6213(a), a taxpayer in the U.S. gets 90 days after the deficiency letter is mailed. Calendar it the same afternoon. youtube.com/watch?v=O1zPeE7f… #TaxTips #IRS
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Filing jointly? IRC §6013(d)(3) makes liability on a joint return joint and several, so each spouse can owe the full tax. Both of you should understand the return before signing. youtube.com/watch?v=O1zPeE7f… #TaxTips #MarriedCouples
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Five numbers checked every Monday beat a 40-page report read once a quarter. Pick yours and keep them on one page. youtube.com/watch?v=4MthAZfV… #KPIs #DecisionMaking #BlueprintAdvisors
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AI sounds just as sure when it's wrong. The facts that decide your tax answer (entity, elections, basis, plan docs) usually aren't in the prompt. And the 20% penalty under IRC §6662 lands on you, not the tool. medium.com/@jakemlatimer/bui… #AI #TaxTips
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"The practice can pay my student loans tax-free." For associates, yes: a written IRC §127 plan can pay up to $5,250 a year of their student loans tax-free. Over-5% owners, as a group, get at most 5% of the benefits (§127(b)(3)). medium.com/@jakemlatimer/yea… #Physicians #TaxTips
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