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Larry Gray CPA
United States
Приєднався 29 жов 2019
Larry works hard for individuals and small businesses to have peace of mind with tax and life decisions. Tax law is a daunting reality we're all a part of and Larry wants to help you every step of the way. He never wants to replace your trusted tax professional, so He decided to help them too!
With over 40 years of tax preparing, owning a small business, and providing CE to thousands of tax preparers across the country (among holding dozens of other roles) Larry wants to share that experience with you AND your tax professional. Please subscribe and hit the bell icon to stay updated with current tax expertise so you can be informed and make the best decisions possible.
DISCLAIMER: We do not provide tax, legal or accounting advice. All content on this channel is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Please consult your own legal, tax and accounting advisors.
With over 40 years of tax preparing, owning a small business, and providing CE to thousands of tax preparers across the country (among holding dozens of other roles) Larry wants to share that experience with you AND your tax professional. Please subscribe and hit the bell icon to stay updated with current tax expertise so you can be informed and make the best decisions possible.
DISCLAIMER: We do not provide tax, legal or accounting advice. All content on this channel is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Please consult your own legal, tax and accounting advisors.
How ERC Promoters Scam Small Businesses
Larry Gray, CPA explains how ERC promoters take advantage of small business owners.
Check out Larry on @NBCNews
▶️ua-cam.com/video/qQuLyZU7nqU/v-deo.htmlsi=M8WGZovIVcV2dnQG
IRS Eligibility Checklist for the ERC link:
www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit
Check out Larry's in-depth ERC playlist here!
ua-cam.com/play/PLZCIgCmUXjKF6O23lPLKr4PuUeNOVtGby.html
UA-cam Homepage @/agcsolutions
Follow our Facebook Page @ agctaxsolutions
#larrygray #ERC #ERTC #taxcredits #scam #scheme #taxfraud #fraud #taxaudit #employeeretentiontaxcredit #employeeretention #employeeretentioncredit #payroll #payrolltax #smallbusiness #smallbusinessowner #smallbusinesstips #smallbiz #taxprofessional #taxpro #taxproblems #taxpreparer #aicpa
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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.
Check out Larry on @NBCNews
▶️ua-cam.com/video/qQuLyZU7nqU/v-deo.htmlsi=M8WGZovIVcV2dnQG
IRS Eligibility Checklist for the ERC link:
www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit
Check out Larry's in-depth ERC playlist here!
ua-cam.com/play/PLZCIgCmUXjKF6O23lPLKr4PuUeNOVtGby.html
UA-cam Homepage @/agcsolutions
Follow our Facebook Page @ agctaxsolutions
#larrygray #ERC #ERTC #taxcredits #scam #scheme #taxfraud #fraud #taxaudit #employeeretentiontaxcredit #employeeretention #employeeretentioncredit #payroll #payrolltax #smallbusiness #smallbusinessowner #smallbusinesstips #smallbiz #taxprofessional #taxpro #taxproblems #taxpreparer #aicpa
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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.
Переглядів: 459
Відео
BOI: A Quick and Easy Overview on New Federal Reporting for Small Business 2024
Переглядів 2,8 тис.11 місяців тому
Larry Gray, CPA explains the BASICS of what's known as BIO or Beneficial Ownership Information. BIO is issued by the Financial Crimes Enforcement Network (FinCEN). According to BIO, qualifying small businesses are required, beginning January 1, 2024, to report certain company and individual information to FinCEN. Timestamp: 00:00 Introduction 00:27 Why do I have to report BOI? 01:08 What compan...
ERC: Debunking The Myths
Переглядів 228Рік тому
Larry Gray, CPA explains the difference between common myths about the Employee Retention Credit and the truth. Timestamp: 00:00 Question 1 00:28 Question 2 01:10 Question 3 02:14 Question 4 02:40 Question 5 02:50 Question 6 03:07 Summary IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit Check ...
Top ERC Misconceptions
Переглядів 176Рік тому
Larry Gray, CPA discusses the most common misconceptions in qualifying for the Employee Retention Credit. Timestamp: 00:00 Introduction 01:06 3 Ways to Qualify 01:19 No Documentation 02:26 Government Mandated Shutdown 06:20 Qualified Wages 07:16 Supply Chain IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-c...
Conversations with Your Client. How to Determine if They Qualify for the ERC.
Переглядів 230Рік тому
Larry Gray, CPA discusses what a conversation between a tax professional and a client regarding qualifying for the Employee Retention Credit should look like. IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit Check out Larry's in-depth ERC playlist here! ua-cam.com/play/PLZCIgCmUXjKF6O23lPLKr4P...
How To Make Sure You Report 1099-k On Your Return Correctly | Flowchart
Переглядів 120Рік тому
Larry Gray, CPA explains how to report 1099-K on Form 1040 using a helpful flowchart. Timestamp: 00:00 Introduction 00:53 Trillion dollars through P2P platforms 02:02 Why this matters 02:44 How to report 1099-K on return 04:17 Form 8949 Personal Transaction 06:48 How to report for Trade or Business 07:32 Recap 📽️Complete Guide to Reporting Personal Items on 1099-K. Gains, Losses, and What to do...
1099-K. How to Report Gains, Losses, and Errors.
Переглядів 317Рік тому
Larry Gray, CPA walks through how to report errors, gains, and losses on the 1099-K and form 8949. Timestamp: 00:00 Introduction 01:16 How to Report an Error 02:17 Never throw a 1099-K away 02:55 Personal item sold at a loss 04:59 Personal item sold at a gain 05:57 Reporting gains and losses in same year 06:42 You need receipts! 08:54 Example 11:15 Summary Check out Larry's 1099-K Update playli...
The Complete Guide To Reporting Personal Items On 1099-k: Gains, Losses, And What To Do With Errors.
Переглядів 329Рік тому
The Complete Guide To Reporting Personal Items On 1099-k: Gains, Losses, And What To Do With Errors.
The Ultimate WALKTHROUGH of IRS Checklist for ERC. How to Qualify | DEC. 1, 2023
Переглядів 1,2 тис.Рік тому
The Ultimate WALKTHROUGH of IRS Checklist for ERC. How to Qualify | DEC. 1, 2023
ERC Qualified: ONLY Trust Government Sources for Shutdown Information
Переглядів 410Рік тому
ERC Qualified: ONLY Trust Government Sources for Shutdown Information
ERC News Update 9-23: IRS Stops All ERC Processing
Переглядів 1,8 тис.Рік тому
ERC News Update 9-23: IRS Stops All ERC Processing
Beware Of ERC Preparers Charging Contingency Fees
Переглядів 424Рік тому
Beware Of ERC Preparers Charging Contingency Fees
Here's What an Income Tax Preparer Should Do When a Client Doesn't Qualify for ERC
Переглядів 354Рік тому
Here's What an Income Tax Preparer Should Do When a Client Doesn't Qualify for ERC
ERC News Update: Justice Department Arrests 3100 in Pandemic Relief Fraud
Переглядів 757Рік тому
ERC News Update: Justice Department Arrests 3100 in Pandemic Relief Fraud
How EASY it is to Commit ERC Fraud | August 2023
Переглядів 1,1 тис.Рік тому
How EASY it is to Commit ERC Fraud | August 2023
How do I qualify for Employee Retention Credit under the IRS's Supply Chain guidance? Aug. '23
Переглядів 141Рік тому
How do I qualify for Employee Retention Credit under the IRS's Supply Chain guidance? Aug. '23
Everything You Need To Know About Qualifying For ERC August 2023
Переглядів 499Рік тому
Everything You Need To Know About Qualifying For ERC August 2023
WHY Tens of Thousands got ERC that Did NOT Qualify
Переглядів 5 тис.Рік тому
WHY Tens of Thousands got ERC that Did NOT Qualify
Is This Your Business? | IRS Clarifies ERC Supply Chain Questions with 5 Scenarios.
Переглядів 170Рік тому
Is This Your Business? | IRS Clarifies ERC Supply Chain Questions with 5 Scenarios.
Breaking News! Supply Chain Guidance from IRS | ERC Qualification Update
Переглядів 480Рік тому
Breaking News! Supply Chain Guidance from IRS | ERC Qualification Update
Top Tax Pros Are Asking IRS for ERC HELP
Переглядів 452Рік тому
Top Tax Pros Are Asking IRS for ERC HELP
Tax Pro ERC Help: Empowering You To Do it Right
Переглядів 141Рік тому
Tax Pro ERC Help: Empowering You To Do it Right
How to Prepare for an ERC Audit by the IRS | Small Biz & Tax Pro HELP
Переглядів 4,2 тис.Рік тому
How to Prepare for an ERC Audit by the IRS | Small Biz & Tax Pro HELP
Warning Signs of a False ERC Claim | Small Business ERC Scheme Red Flags🚩
Переглядів 1 тис.Рік тому
Warning Signs of a False ERC Claim | Small Business ERC Scheme Red Flags🚩
Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.
Переглядів 5 тис.Рік тому
Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.
Be Prepared for 2023 Child Tax Credit Changes! The Numbers are Shocking.
Переглядів 27 тис.Рік тому
Be Prepared for 2023 Child Tax Credit Changes! The Numbers are Shocking.
How to Actually Qualify for the ERC. What to document. (2023 Update)
Переглядів 17 тис.Рік тому
How to Actually Qualify for the ERC. What to document. (2023 Update)
Beware ERC Scam. Don't take the bait! Real facts about ERC.
Переглядів 7 тис.Рік тому
Beware ERC Scam. Don't take the bait! Real facts about ERC.
New Venmo $600 Rule 1099K Reporting Explained
Переглядів 2,2 тис.2 роки тому
New Venmo $600 Rule 1099K Reporting Explained
ID.me has a flawed facial recognition technology. They flagged me for be fraud. People don't trust this company. Call your congressman. These bozos are causing me to go to secondary in customs lines a lot also.
Your measley 600 dollar transactions are bleeding the country dry. Yeah broke people selling all their shit is the real issue
listen - you do not owe a tax and the 1099 is for PUBLIC OFFICE read the paperwork . see it mention for earnings from a TRADE OR BUISNESS? well this is defined term in code and means PUBLIC OFFICE Section 7701 (a) - Definitions “When used in this title [Title 26-Federal Taxes], where not otherwise distinctly expressed or manifestly incompatible with the intent thereof - (26) Trade or business The term “Trade or Business” includes the performance of the functions of a public office.” GET REST OF TH EFACT GOOGLE " LOSTHORIZONS SECRETS OF THE INCOME TAX" toss the 1099k and print a blank one and mark CORRECTED box then enter zero amounts monthly - then if you wan to really learn about the topic - google - " LOSTHORIZONS FEDERAL INCOME TAX IN A NUTSHELL" or see same info in video on Dave Champion channel on rumble , latest video " SCOTUS Just Said STOP PAYING INCOME TAX! Hear What The Court Said " i have not payed in 20 years the 1099 forms take me 5 minutes to do my taxes
For anyone just starting with QuickBooks Online, this walkthrough makes invoicing look so easy to manage. If you're exploring alternatives, InvoiceBerry is another great option to create professional invoices without much hassle.
The last place i think i was gonna see James May from TOP GEAR
What if you have almost 600 personal items you sold on ebay? (like say because you work for your dads business and there were times when work got slow and you had to sell personal items to get by) Do you have to go through and list each item?
FUCK THE IRS.
Can someone answer the question about shipping...if the buyer pays shipping, this shouldn't be considered part of any profit received correct? I've noticed that Ebay includes this I believe, not sure can someone clarify what they know about this? Thanks.
Thanks for this amazing video! It's so helpful ❤
bull crap
Does QB online also reconcile c/dcard accounts using the same process?
So when the client gets the ERC refund there is a form that breaks the refund down into 3 categories: For example my client got a total of $10,000 and the form says ) Tax Decrease 3000, Credits Increase 6000, Credit Interest allowed 1000. My question is when I amend the 2021 tax return to reduce wages, do I reduce wages by the full 10,000 or just 9,000 Thanks
Question: if the vendor is on auto pay?
So if I have a job and have a w2 and work on the side for cash on my free time will I get audited ?
eBay is collecting your Social Security number and personal information even though it's not required by the IRS until you hit a threshold. they refuse to do payouts even though the total for the year is under $600. that is the 2025 IRS threshold? I am quitting eBay too. I don't need to file a schedule C just to get confirmation that I shouldn't be paying tax in the first place.
Johnson Donna Miller Jason Brown Brenda
It would be helpful if there are previous videos related to current, to add the link in the description. Thanks.
I agree.
Thank you guys. I followed step by step your guidance and i succeed. Thanks again
Good info. Small correction. A 1099-S is issued on sale of real estate (not 1099-R). He's sharp & aware of that but just misspoke
What do you do if it’s you but not recognized?
How do I sign up for id.me
Tanks to I looking for hope I last I don't know what to do I find you video I hope I doe right tanks to you. 🎉🎉
Hey, can we speak over the ERC credits?
This is another form of discrimination so mostly black people accounts are flagged an Id. Me claims they cannot verify after I gave them my Id and other info and they still said I canot be verified. So I have to go theu alot of red tape to sign into ssa and unemployment or irs.
My problem is i have no business. I use pay pal to loan my kids money and friends and family bit sometimes when they pay me back they send it as goods and services instead of friends and family and now i gotta get a tax id.
Wow. I got my ID.me signin working, but it was a PITA. What an ordeal.
Once done how can you change the mfa options from txt to push genrator since i may have a different phone # Thanks
Hi, Can anyone help me to get Quickbook clients... I'm from Bangladesh , I know Quickbooks,Zero also other Accounting Softwares... Thanks
Please how do I get the link, I want to share with my friend.
Thank you
I thought this was for the Eating Recovery Center. I’ll comment for the algorithm though
You should be held accountable
ID. Me is the worst web account that’s there to open/ update. Will never try again after so many failed attempts. Do not recommend to anyone.
Can you send invoices and receive payments with quickbooks offline version?
How are outstanding checks reflected on the QB desktop bank reconciliation report?
ID.ME === absolute trash
I am in Argentina, why they apply it to me . I am not US Citizen, I can see they charge me TAX
If im $500 ($100 below the threshold) on ebay and deleted my account and remade a new account how would the irs know it's me if my name is different?
Government law requires EBAY to get your SSN, meaning taxes are tracked.
Just another way to steal from the poor! The IRS doesn't make the wealthy pay their fair share of taxes but they want to nickel and dime the poor. They want to make sure people on welfare don't prosper (even though inflation makes food stamps almost worthless) and this is a trap to catch people on disability to cut off their benefits. This is like the Mark of The Beast! You can't buy or sell without the government spying on you. The cops are being called on children selling water! Kids selling lemonade may need special permits! Why? The government needs money to build bombs and steal land and they want us to pay for their genocides! Meanwhile drug dealers are undetected and often protected. You'd be surprised just how much drug cartels are welcomed to contribute to corrupt politicians!
We did everything through paychex( national company) with the help of our cpa ... we just got a letter from the irs saying we owe 430000 from 2021 ...we used the money exactly the way we were supposed to ... we entered everything into quickbooks. They added interest and fees to something that we weren't even aware of until now . I have a hard time believing both our cpa and financial peeps got it wrong. Is the irs weaponised ? If we have to pay the 43000 we are out of business... 30 years down the drain. Idk what to do ...maybe talk to a lawyer idk
When the going after the scammer!!!!!!!
Land of the Free
Hi Debbie!! luv your video, in your how to add vendors (might seem like a silly question but I'm very, very new, when you're saying you and yours, are you talking about me or my client? Thank you sooo much for your time :)
There is a third door, Startup businesses that started operations after Feb 15th 2020
How can I get disability benefits,without all the games they like to put you through. I’m 58 years old worked my ass off all my life helping feed America and now I can’t work to feed myself
Maybe, I could agree regarding the first year. But it increases 2.5% each year until 2025. So, in the example provided in the above video, the second year the rebate would be $50, the third year $75, the fourth year $100, and the fifth year $125. Honestly, it is not that big of a deal to fill out the PDF form as long as you do it with each receipt. I wouldn't want to do a whole years worth at one time though. This is the third year and I would estimate that I have spent less than an hour to get the form filled out to this point. So...an hour worth of my time to receive $75...worth it for me.
My boss applied for ERC on February last year. His company was struggling, and some weeks did not have enough money to pay us. ERC marketing was sounding every day everywhere. He got the check on June and did not spend it because his CPA did found out and talked his that it was a scam. Two weeks later the IRS send him a letter to ask for the money back. He still have the checks and the question is what's the procedure to give back the ERC checks to the IRS without problem?
Thank you joe Biden
This is the worst website I’ve ever been on. Works like 💩
A bunch of people complaining about eBay and other payment services… the source of the problem is the Biden administration. They can mess the country and the rest of the world up with no accountability. To add insult to injury, they use their power to change tax laws to make it harder for the average American to survive. Shame on all the buffoons who voted in this clown administration.