
Nick Young, CPA
@nyoungdumb
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Accountant for the Crypto Cabal. Founder of @wagmitaxes. Hire me so I can afford minimal basic medical care. @hobotownwtf whale & @bearish_af
New Jersey, USA
Joined October 2020
References Tweet: If I did your taxes or dev work please comment some words so other people can know your experiences with me.
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I wanna know why the turbo rich dont just randomly snipe brokies on the street with like $100k. It would be the most entertaining content, great press, and literally change lives at very little impact to the likes of musk, zuck, etc. Let @MrBeast administer it if you dont want to.
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RT @FortWayneCPA: There is no doubt in my mind the IRS will be a total dumpster fire next year. Get ready.
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If you have a client paying $800k/year through a C-Corp, a much better way to reduce that tax burden (imo) is to explore license agreements or management fees with passthroughs, to bring the net income of the company closer to zero. This can also be accomplished with strategic.
Had a client paying U.S. tax on $800K/year through a C-Corp. Moved him to a U.S. LLC owned by a Panama entity. Added a Paraguay residency. His new tax bill: zero. His reaction: “Is this legal?”.Yes. That’s why I exist.
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I have questions for these banks who will be integrating stablecoins. 1. Will you also be reducing fees and increasing transaction settlement times?.2. What chain and what stablecoin?.3. Why should I “bank” my crypto with you, when I can simply hold the keys to it myself? How.
JUST IN: JPMorgan says crypto stablecoins will be "integrated with the traditional financial system, as well as more tokenization of real world assets.".
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