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Just putting this here for future reference anytime someone says: "but I have never been audited on it"
#taxtwitter
AICPA SSTS 2.1.8(a)
Tyler Menzer
21.5K posts
Tyler Menzer
@Tyler_Menzer
PhD CPA Assistant Professor at @TCU. Argues with people who agree with me. Official Matt. All views are my own. (He/Him) @ menzer on the other one
Joined July 2010
- Replying to @_samintonFork and Knife. The stomach icon doesn't work well with a minimalist design like this
- Replying to @nominalthoughtsI keep trying to use that line on referees, hasn't worked yet
- Replying to @Brendan_DukeJust skimming through Cavallo et al 2021...and it requires reading only selected portions of the paper to come up with a 0.25 elasticity estimate...
- Complete failure not setting April 16th as the release date‘THE ACCOUNTANT 2’ has been Rated R for strong violence and language throughout. In theaters on April 25, 2025.
- So I gave my class a simple tax problem today (see below) and had them use AI to calculate the tax owed. The answers ranged from $78k to $171k. Out of 56 students, only 2 of the Outputs came to the same answer, and none of them got the correct answer. Only 2 were within $1,000.
- Replying to @JamesSurowiecki @Duderichy and @besttrousersYES! Every finance major is taught this when examining investment oppurtunities
- Replying to @KhoaVuUmnAnd still being completely wrong because the video was taken a different day and uploaded later 🤣
- Replying to @RobertMSterlingI did have a client once that sold his sanitation business, took a 5 year non-compete "vacation" in Florida, then came back, started a new business, got all his old clients back and sold again a second time to the same company
- Come for the witch resurrection, stay for the tree grantsIt's the same story every Halloween: You're a devoted henchman who summons a trio of witch sisters back from the dead only for them to turn to stone once the sun comes up. Every year, your evil ambitions dashed by plucky teens & poor time management. This year, you have a plan-
- Replying to @JohnHolbein1The causal chain seems....questionable If it was due to worse sleep, why does the effect immediately appear and seem flat? Does 1 mo of bad sleep really cause the exact same suicide increase as 11? If it was just sleep, I would expect a gradual buildup, not a discontinuity
- Replying to @NewYorkerMeanwhile, accounting professors (I) using AI for a class project...😂So I gave my class a simple tax problem today (see below) and had them use AI to calculate the tax owed. The answers ranged from $78k to $171k. Out of 56 students, only 2 of the Outputs came to the same answer, and none of them got the correct answer. Only 2 were within $1,000.
- Replying to @Tyler_Menzer @Brittonnorth and @JulieChangRESo you turn off the heat. This means the whole house will freeze and you have to spend the time to winterize everything (turn off water, drain the water pipes, etc). You would have to do this in 30° weather or -20° weather 2/2
