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Jim Gundersdorff EA

@jimgunnyea.bsky.social

Enrolled Agent #EA, #TaxTwitter, Arm Chair (no actual chair) Economist, President of Gundersdorff & Co - Accountants since 1982. Husband & Father... (He/Him)

1,977 Followers  |  2,947 Following  |  87 Posts  |  Joined: 24.11.2024  |  1.9093

Latest posts by jimgunnyea.bsky.social on Bluesky

Remember to "Breathe" and you and he will be good!

08.08.2025 15:34 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

Credit card billing automatically, each month, with a deposit for the 1st month so they are basically always even with the service provided.

15.07.2025 01:40 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

It should be renamed "The BUG"! or "The Big UGLY"!

04.07.2025 00:05 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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Our tax system is on the brink of becoming even more of a two-tiered system benefiting US citizens and penalizing mixed immigration status households including US citizen taxpayers, children and you regardless of your immigration status if you are married with children and file separately. #TaxSky

12.06.2025 19:09 โ€” ๐Ÿ‘ 3    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 1

Yep!

11.06.2025 20:59 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

...and you can't change fiscal years for partnerships without an election being filed BUT the creative folks at the IRS did!

11.06.2025 20:02 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

Today was a good day - IRS Manager Conference after filing a series of CAP Appeals regarding Levies - Manager agreed - Capricious, Undue Hardship, Egregious - RO can't levy again until the Equivalent CDP hearing takes place - FOIA request filed for admin/mgr file.

04.06.2025 23:02 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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a bird is spraying water from a hose on a lush green field . ALT: a bird is spraying water from a hose on a lush green field .

He's still doing tax returns and playing in the yard!

30.04.2025 01:02 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

A coffee with a double shot of espresso would be a good start!

24.04.2025 23:53 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

You are probably correct!

19.04.2025 13:05 โ€” ๐Ÿ‘ 0    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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IRS further postpones various tax deadlines to Sept. 25 for North Carolina storm victims | Internal Revenue Service NC-2025-01, April 17, 2025 โ€” Due to the lingering effects of Hurricane Helene, the IRS today further postponed until Sept. 25, 2025, a wide range of tax deadlines for taxpayers throughout North Caroli...

#NC Tax people!
www.irs.gov/newsroom/irs...

18.04.2025 21:30 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

It's in the NY Times, WAPO, The Guardian among the majors. It's also getting a lot of play in emails from a variety of players other than the State/County Dems in NC.

17.04.2025 16:29 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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The Onionโ€™s Tips For Filing Your Taxes At The Last Minute Tax Day is upon us and many Americans have yet to submit their returns. Hereโ€™s The Onionโ€™s guide to successfully filing your taxes at the last minute:

An oldie but goodie - The Onionโ€™s Tips For Filing Your Taxes At The Last Minute โ€” theonion.com/the-onion-s-... #taxsky #taxbs

14.04.2025 21:27 โ€” ๐Ÿ‘ 3    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

So, very sorry as that sucks! Feel better!!!

13.04.2025 21:18 โ€” ๐Ÿ‘ 0    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

I tried that too and it still had trouble. I was trying to get it to locate cities and such for reference points but they weren't in the correct place. I've uploaded so many maps to start with.

13.04.2025 00:40 โ€” ๐Ÿ‘ 3    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

Which model are you using for the creating images? I've been trying to get it to create a map of the US and it's not working well.

13.04.2025 00:23 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

How are you doing this? This is cool!

12.04.2025 20:55 โ€” ๐Ÿ‘ 4    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

"It was counterintuitive for the administration to think that oil companies would 'drill, baby, drill' when prices were lower," he added. www.reuters.com/business/ene...

11.04.2025 15:57 โ€” ๐Ÿ‘ 0    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

"They've definitely opened the door for the OPEC countries to gain market share here, and it's an inadvertent, self-inflicted wound," Patterson said. www.reuters.com/business/ene...

11.04.2025 15:57 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0
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OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill' President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil industry is actually starting to think about cutting output and jobs due to a double whammy of higher crude output from OPEC and on-again, off-again tariffs that have dented demand.

"If prices get sub-$60 and stay there, we'll see a definite drop in the rig count," said Roe Patterson, managing partner of Marauder Capital, a private equity firm investing in U.S. oilfield services sector.
www.reuters.com/business/ene...

11.04.2025 15:57 โ€” ๐Ÿ‘ 2    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

Analysts have suggested-without hard evidence-Treasury sales by Beijing may have helped fuel the volatility. China has an incentive to show "it won't hesitate to cause turmoil in the global financial market in order to improve its negotiating power against the US," A Okumura,SMBC Nikko Securities

11.04.2025 14:32 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

...investors sent the White House a clear message: confidence in US Treasuries can no longer be taken for granted. Yields have surged in recent days as investors dumped 10- and 30-year Treasuries at the very same time as they frantically sold stocks, crypto and other risky assets.

11.04.2025 14:29 โ€” ๐Ÿ‘ 0    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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An Apology to Tracy Alloway Whatโ€™s going on with dollar assets

For anyone wondering, I agree with Tracy Alloway on this one!

www.bloomberg.com/news/newslet...

11.04.2025 14:26 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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An Apology to Tracy Alloway Whatโ€™s going on with dollar assets

Evaporation. Rapid de-dollarization. This is how the analysts on Wall Street are characterizing what weโ€™re seeing play out. Having now seen the last four days, yeah I donโ€™t think a โ€œrunโ€ was a bad way to put it at all.

So, sorry Tracy!

www.bloomberg.com/news/newslet...

11.04.2025 14:25 โ€” ๐Ÿ‘ 1    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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An Apology to Tracy Alloway Whatโ€™s going on with dollar assets

In a note out today, George Saravelos of Deutsche Bank wrote that โ€œthe market is re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization.โ€ www.bloomberg.com/news/newslet...

11.04.2025 14:24 โ€” ๐Ÿ‘ 4    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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An Apology to Tracy Alloway Whatโ€™s going on with dollar assets

After yesterday's action, ISI-Evercore said the move "reflects evaporating US growth exceptionalism and the reduced attraction at the margin of dollar assets for reserve purposes amid erratic US decision-making." www.bloomberg.com/news/newslet...

11.04.2025 14:22 โ€” ๐Ÿ‘ 1    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

"Trump administration says it wants to build expensive things. But at the same time it appears to have destabilized pretty much every form of capital out there and sparked a massive run from the American economy. Itโ€™s very hard to see whoโ€™s supposed to step in to plug the hole." T Alloway per Joe W

11.04.2025 14:20 โ€” ๐Ÿ‘ 2    ๐Ÿ” 1    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

...or Atilla the Hun.

10.04.2025 22:21 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0

Bond traders are agnostic and akin to Genghis Khan!

10.04.2025 22:19 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 0    ๐Ÿ“Œ 0
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Trump dodged a disaster from the bond market, but the damage isnโ€™t over yet The bond market screamed at President Donald Trump this week to change course on his tariff plans

Read down towards the bottom but I'm seeing even more stuff over on Bloomberg about the problems in the market. We averted disaster but the uncertainty remains.

www.cnbc.com/2025/04/10/t...

10.04.2025 22:04 โ€” ๐Ÿ‘ 1    ๐Ÿ” 0    ๐Ÿ’ฌ 1    ๐Ÿ“Œ 0

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