Matthew J. Cordes, EA @cordes_tax Twitter profile

Pinned Tweet

Matthew J. Cordes, EA

4 months

You're welcome to follow my list of Enrolled Agents. This is for connection and education. (Over 50 on the list so far) If you want to be added to the list, comment below the year you became an Enrolled Agent and if your credential is still active.

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Matthew J. Cordes, EA

@cordes_tax

6 months

“I put my rental properties in a S-Corp and pay my SMLLC a management fee and my wife’s LLC a small fee for bookkeeping. Next, I pay my kids wages out of the S-Corp to fund their SEP. I then take any remaining net profit and donate it to my private foundation that pays my

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Matthew J. Cordes, EA

@cordes_tax

2 months

Tax preparer came to me extremely confused working on a side hustle schedule C return. "Why would this client think he can deduct fees for a maid on his excavating business? For a lot of money. And I can't figure out his income." I look at the handwritten ledger book and see

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Matthew J. Cordes, EA

@cordes_tax

5 months

This is my wife's idea of eating at home to save money. I'm never gonna retire, am I?

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Matthew J. Cordes, EA

@cordes_tax

23 days

After 15 years of solo firm ownership, I've sold my firm to a local EA and joined up with a great virtual team. I'm excited to join @andreamacdcpa , @JWellsTax , and the rest of the team at Steadfast Bookkeeping! #TaxTwitter #NewBeginnings

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Matthew J. Cordes, EA

@cordes_tax

10 months

Happy to welcome to the world 🌹 Evelyn Rose 🌹 Born 10-11-2023 Mama is tired but resting and recovering well and baby girl is beautiful and healthy.

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Matthew J. Cordes, EA

@cordes_tax

6 months

Client: Here's that W-9 you asked for so you can do the 1099! The W-9:

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Matthew J. Cordes, EA

@cordes_tax

1 year

QUIT LETTING YOUR COLLEGE KID FILE THEIR RETURNS UNSUPERVISED!! That is all

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Matthew J. Cordes, EA

@cordes_tax

1 year

My extended deadline work is gonna have to get done early, because I have another deadline much more important. Little girl Cordes due October 8.

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Matthew J. Cordes, EA

@cordes_tax

1 year

No, Arthur, you do not need to download a blank 1040 and upload it to the portal for me to complete your return. I've got it. Thanks for the offer. Happy Friday #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

2 years

IRS: We have too much mail to deal with so we are 21 million returns behind. Taxpayers should efile and pay online Also IRS: We can't properly apply online spouse payments. Also also IRS: No matter which problem you have, you can't call us and get through

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Matthew J. Cordes, EA

@cordes_tax

16 days

Firm transition saga continues: Great client. Always took advice. Paid well. Never complained. 80 year old retired corporate attorney. Met one last time today as client to do a little planning. He was just diagnosed with stage 4 cancer. Wants to give good sized gifts to kids

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Matthew J. Cordes, EA

@cordes_tax

6 months

FOR THE LOVE OF ALL THAT IS HOLY, JUST GET A SEPARATE EMAIL ADDRESS FOR EACH SPOUSE. Thanks for coming to my TedTalk.

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Matthew J. Cordes, EA

@cordes_tax

4 months

Client doesn't include real estate tax expense on that rental property so I'll be a nice guy and look up on the county website..... To find out they sold it last year.....

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Matthew J. Cordes, EA

@cordes_tax

4 months

A few weeks ago I went to a client's wake. Gave my condolence's to the surviving spouse. Talked to the spouse's son as she introduced me as her "tax guy". He asked, "Oh, are you a CPA?" "No, I'm an Enrolled Agent." Then I got the look. If you're an EA, you know the look.

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Matthew J. Cordes, EA

@cordes_tax

6 months

Lost a long time client today (inherited from previous firm owners). They don't feel comfortable with the direction I am taking the firm. Not a complaint about my quality, but they haven't liked the extensions the last few years (thanks Congress and Indiana Legislature) and they

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Matthew J. Cordes, EA

@cordes_tax

2 years

I'm almost raging this morning. Sitting here stewing over the IRS destroying 30M documents. I've had clients angry at me as if I had done something wrong why they are getting these letters and no satisfactory resolution. How is this not a criminal act? #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

3 years

Sometimes I feel alone as a sole practitioner. My admins are great, but I have few avenues to bounce unusual situations. My predecessors have retired/passed away. I loved them but now I've struggled. #TaxTwitter makes me feel like part of a big team. Thank you all for being great

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Matthew J. Cordes, EA

@cordes_tax

2 years

#TaxTwitterWins #TaxTwitter I amended a return for no charge for something I should've caught. C insisted I take $ for the extra work and wrote me a decent check. Said I've saved him so much over the years, this is the least he could do. Post some wins. We need the boost

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Matthew J. Cordes, EA

@cordes_tax

2 months

This is not meant to be a slam on a guy that could probably open a beer bottle with the backhoe bucket. People have different talents and abilities and that doesn't make anyone better than anyone else.

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Matthew J. Cordes, EA

@cordes_tax

1 year

Remember that your clients hate the complexity of tax season too. Be empathetic to them. And hopefully, they’ll be empathetic to you. #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

2 years

Update: He slept 13 hrs (mom & dad did not) but he woke up happy with no temp. He is eating and drinking and playing. Like nothing happened. I’m over the moon and exhausted. So thankful for all the well wishes, prayers, and empathy. Y’all are awesome 👏

Matthew J. Cordes, EA

@cordes_tax

2 years

Scariest moment of my life this morning. My son woke up w/very high fever. We gave him Tylenol and within 2 min he had a febrile seizure in my wife’s arms. It only lasted 30 seconds but felt like an eternity. He came to quickly and we got him in a lukewarm bath to lower his temp

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Matthew J. Cordes, EA

@cordes_tax

10 months

Don’t tell me how to live my life, bro

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Matthew J. Cordes, EA

@cordes_tax

3 months

#TaxTwitter Bring on the OJ tax memes.

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Matthew J. Cordes, EA

@cordes_tax

6 months

I should be working right now…. But baby snuggles are better than trial balances

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Matthew J. Cordes, EA

@cordes_tax

4 months

I can assure you that your tax pro is more aware of the deadline than you are. Stay strong #TaxTwitter . We can do this.

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Matthew J. Cordes, EA

@cordes_tax

6 months

Hold your family. Life is short. Don’t work it away. For the second time in less than 2 months I have lost a grandparent. My grandpa Cordes passed away today. Thank you for your prayers. I’ll be back on Monday. 🙏

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Matthew J. Cordes, EA

@cordes_tax

1 year

Client: I really don't want to fill out your organizer Also Client: Why didn't you include my new baby on the return? Me: What new baby?

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Matthew J. Cordes, EA

@cordes_tax

3 months

🚨BREAKING🚨 Real estate agents should not give tax advice. You may now return to your regularly scheduled meltdowns.

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Matthew J. Cordes, EA

@cordes_tax

2 years

Taxpayers: there’s no way I’m paying someone $2500 for tax advice. Also taxpayers: how can I write off this $100k Escalade for my business?

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Matthew J. Cordes, EA

@cordes_tax

1 year

You need to hear this #TaxTwitter : You are doing great. You're working hard & providing great value to your clients. Extensions exist for a reason. You don't owe anyone your family time or your mental health. Do your best. Don't overdo it. You'll make it. Ok, I needed to hear it

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Matthew J. Cordes, EA

@cordes_tax

2 years

I just did a 1040 for a lady that said she was fine with an extension. Why? Because she had all her documents, was organized, it took me 15 minutes of work, and I needed a win.

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Matthew J. Cordes, EA

@cordes_tax

5 months

@BadLegalTakes Bad Legal Take:

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Matthew J. Cordes, EA

@cordes_tax

1 year

Thinking of adding a new service on my pricing options: Artisanal, handcrafted tax returns assembled by local tax artists with premium quality 20 lbs, 92 bright paper and luxury laser jet toner, presented in a glossy, yet durable folder for long lasting protection. — add $399

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Matthew J. Cordes, EA

@cordes_tax

2 months

#TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

1 year

My friend was in a bad car accident yesterday on his way home from work. Life flight to the hospital. Lost a lot of blood. We were at the hospital until 2 am until he was somewhat stable and out of immediate danger. Still not out of the woods. Prayers appreciated. 🙏🙏

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Matthew J. Cordes, EA

@cordes_tax

2 years

My first son was born in August. This year I will be leaving the office promptly at 6pm (as much as possible) to do bedtime and then I'll work at home after he goes to sleep. I waited 15 years to become a dad. I'll be darned if I'm going to miss it.

Logan Graf

@LoganGrafTax

3 years

A successful tax partner at an old firm I used to work for said something years ago that stuck with me. He wished he spent less time working and more time with his daughters. They were grown and he couldn't get that time back. Some perspective for you and me.

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Matthew J. Cordes, EA

@cordes_tax

1 year

Public Service Announcement: You are still responsible to report your income even if you did not receive a 1099. Brought to you by #TaxTwitter and the Public Ad Council

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Matthew J. Cordes, EA

@cordes_tax

10 months

#TaxTwitter Monday Meme

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Matthew J. Cordes, EA

@cordes_tax

9 months

Lazy Sunday afternoon with my new accounting intern, sporting my @freshbooksaccts swag. Hoping she wakes up to get some work done soon so I can get some sleep in tonight. #Newborn #GirlDad #Tax #taxpros #FreshBooks #accounting

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Matthew J. Cordes, EA

@cordes_tax

5 months

I’ve done returns for the dependent kids of clients for free. I’ve also done returns for the dependent kids of clients for a fee. I really don’t care what you do in your practice. But I DO care if you try to tell people I HAVE to do it for free or I’m a scumbag. Subtweet

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Matthew J. Cordes, EA

@cordes_tax

5 months

Sharing a positive story and a challenging thought. My client, let's call him Larry (not his real name, duh), is not a super well-off guy. He has a paid for house that is very, very modest in about the most rural part of my county. He retired early from a factory job with no

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Matthew J. Cordes, EA

@cordes_tax

1 year

Yes, your tax pro does know how soon the tax deadline is.

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Matthew J. Cordes, EA

@cordes_tax

6 months

Client: “I never check my email or texts. Can you call me instead?” *Call client: “The cellular customer you are trying to reach has a voicemail box that has not been set up yet. Please try again later.”

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Matthew J. Cordes, EA

@cordes_tax

2 months

Planning to work from home much more starting this summer, so my wife got me a mouse pad as a gift. I definitely didn’t tear up in any way. Not at all. Nope. Not one bit. 🥹

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Matthew J. Cordes, EA

@cordes_tax

4 months

Vibes:

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Matthew J. Cordes, EA

@cordes_tax

1 year

He’s AWAKE!

Matthew J. Cordes, EA

@cordes_tax

1 year

My friend was in a bad car accident yesterday on his way home from work. Life flight to the hospital. Lost a lot of blood. We were at the hospital until 2 am until he was somewhat stable and out of immediate danger. Still not out of the woods. Prayers appreciated. 🙏🙏

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Matthew J. Cordes, EA

@cordes_tax

3 months

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Matthew J. Cordes, EA

@cordes_tax

3 months

"Where does it say I have to have my stuff in to you before that date?" The letter we mailed you, the email we sent you, the engagement letter you signed, and the notices we posted on our office door. "Oh."

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Matthew J. Cordes, EA

@cordes_tax

5 months

This never goes well

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Matthew J. Cordes, EA

@cordes_tax

5 months

For the third time in less than three months I’ve lost another grandparent. Spent last night in the nursing home with my grandma. She stopped responding to us. Family had been in and out this week a lot. Dad called me this evening to let me know she’s gone. She just turned 93

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Matthew J. Cordes, EA

@cordes_tax

2 years

"The Customer is Always Right" almost never applies to tax preparation. #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

5 months

Let’s break this down and give you the reasons why this is a BAD strategy:

Matthew J. Cordes, EA

@cordes_tax

6 months

“I put my rental properties in a S-Corp and pay my SMLLC a management fee and my wife’s LLC a small fee for bookkeeping. Next, I pay my kids wages out of the S-Corp to fund their SEP. I then take any remaining net profit and donate it to my private foundation that pays my

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Matthew J. Cordes, EA

@cordes_tax

1 year

"Why do I have to pay so much?" Because you are paying income and SE tax. Tell me about your biz. "I only work for 1 company, they provide all supplies, and tell me when & where to be." STOP TREATING EMPLOYEES AS INDEPENDENT CONTRACTORS WHEN YOU DON'T WANT TO DEAL WITH PAYROLL.

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Matthew J. Cordes, EA

@cordes_tax

2 years

C: "I really didn't want to go on extension." Admin: "Want me to tell him you can send in his return half-done?" Ladies and Gentlemen, I have a keeper and she's getting a raise.

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Matthew J. Cordes, EA

@cordes_tax

4 months

@BadLegalTakes Name checks out

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Matthew J. Cordes, EA

@cordes_tax

2 years

#TaxTwitter recap for the week

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Matthew J. Cordes, EA

@cordes_tax

4 months

Send out reminders: I still need the entire K-1 package, not just the first page. Thanks.

Nature is Amazing ☘️

@AMAZlNGNATURE

4 months

You woke up in the morning and saw this. What would you do?

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Matthew J. Cordes, EA

@cordes_tax

2 years

Had to get a pic before he ruined the second shirt this morning.

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Matthew J. Cordes, EA

@cordes_tax

2 years

It’s so important to be kind to others even when you may not (think you’ll) be rewarded. You truly have no idea how your actions affect others, both directly and indirectly. I have a story to share about a teenager after a disastrous accident and a woman that chose to help 🧵 1/x

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Matthew J. Cordes, EA

@cordes_tax

5 months

I’m obligated to post these because she is a absolutely adorable, despite the slightly incorrect* term “deduction”. @TheBig4Tweets for the Asset/liability onesie, my sister made the tax one (*She’s a credit on federal and an exemption in Indiana, for you ‘well akshully’ folks)

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Matthew J. Cordes, EA

@cordes_tax

5 months

Happy "I just got my brokerage statement in the mail after I told you had everything when you asked for this" week to all those who celebrate. #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

7 months

How is this for a miracle? My friend Josh (the living miracle that survived a horrific car accident on April 18 where the flight nurses were convinced he was dead, where they pumped more blood into him than any patient that survived before, that had his arm torn from his body,

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Matthew J. Cordes, EA

@cordes_tax

6 months

#MakingChanges #TaxTwitter 1 of a few changes towards transforming my firm to look the way I want: This week I sent notice to 10% of my 1040 only clients (5% of my revenue) that I am not able to prepare their returns this year. I have instead referred them to a local EA (&

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Matthew J. Cordes, EA

@cordes_tax

1 year

Young employee: I hope whoever has the phone number that is 1 digit off of mine doesn't find out I'm giving that number when I sign up for things and don't want to give my number. Me: Why don't you just use 867-5309 EE: Why? Whose number is that? Me:

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Matthew J. Cordes, EA

@cordes_tax

10 months

Opening Bal Equity .......... $3,037,016.56

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Matthew J. Cordes, EA

@cordes_tax

2 years

30 million paper filed 1099s etc. How many of those could be eliminated if the required reporting amount was raised to $5000? Or heck, $3000. How much cost does IRS exert to process a $679 1099?

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Matthew J. Cordes, EA

@cordes_tax

3 months

Do you know that person that worked a job for 40 years, plugged a bit into retirement, lived in the same house, didn't live too fancy but had to time for their family and hobby? Why does that sound so nice? Is it wrong to just want to live simply?

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Matthew J. Cordes, EA

@cordes_tax

4 months

Unlike this gallon of milk, your 1065 and 1120-S will keep just fine up to 6 months past March 15 with a timely filed extension. So now I’m off to dunk some Oreos and use this milk up, because your return will be ok if it gets filed next week, and my milk 🥛 will not.

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Matthew J. Cordes, EA

@cordes_tax

6 months

Me: “So how much revenue are we talking here?” Client: “My 2 rental properties pull about $18k a year. Pretty sweet gig, huh? BTW, are attorney fees deductible?” Me:

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Matthew J. Cordes, EA

@cordes_tax

3 months

Got it all done. Not a single time did I have to contact the manufacturer for a missing piece they claimed they already gave me or questioned why I needed it. (IYKYK) Got a job done and feel good. (Plus the boy is happy 😊)

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Matthew J. Cordes, EA

@cordes_tax

1 year

For the love of all that is good and pure GIVE ME THE AMOUNTS AND DATES OF ALL ESTIMATED TAX PAYMENTS MADE FOR 2022!!

Logan Graf

@LoganGrafTax

1 year

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Matthew J. Cordes, EA

@cordes_tax

1 year

Virtual only tax pros are really missing out. Having a brick & mortar near a coffee shop is a hoot. The # of people that just randomly stop in with a quick question that are not clients is amazing. Do people randomly pop in doctor's offices or a lawyer's the same way? #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

1 year

$150k taxable from W-2 income only. $30k taxable from 4 rentals, 5 brokerages, a small biz, and 4 multi-state K-1s. These are not the same.

Alicyn McLeod

@AtlantaTax

1 year

Your friendly reminder that taxable income & tax complexity are not necessarily correlated.

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Matthew J. Cordes, EA

@cordes_tax

1 year

My homeowners insurance premium went up by 33%. My county assessment went up 20%. Nearly every bill I have is up double digit %. YOY I gave my employees 10% in raise (including benefit costs). Software is up. Utilities are up. A 10% fee increase is NOT giving myself a raise.

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Matthew J. Cordes, EA

@cordes_tax

8 months

Heard from a potential client today that a CPA in the next town over is dumping all her entity clients and only doing 1040s (not sure how many that is). This on top of another area tax pro I know is selling after this coming tax season. The tax pro apocalypse is happening.

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Matthew J. Cordes, EA

@cordes_tax

2 years

Mistake: checking email on Christmas Eve. 🤦‍♂️ “Hey Matt, At our family dinner last night we got to talking about taxes and had a quick question ….” Put away the phones and spend time with family #TaxTwitter . We’re about to get insane busy so we need to treasure this time.

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Matthew J. Cordes, EA

@cordes_tax

1 year

A lot of people adding themselves to a list today.

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Matthew J. Cordes, EA

@cordes_tax

5 months

What is up with lawyers and responding to emails with phone calls? Do you not want a record of anything?

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Matthew J. Cordes, EA

@cordes_tax

1 year

I’m going to try to make a concerted effort to remain positive this entire tax season. My wife calls me a pessimist. I call myself a realist. I do need to have a little more optimism in my life. Here’s a challenge: post only positive things for one week on Twitter. Who’s with me?

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Matthew J. Cordes, EA

@cordes_tax

11 months

18 oz cowboy ribeye w/garlic mashed potatoes and grilled asparagus, bleu cheese wedge salad, a couple old fashioneds named Smokey and the Bandit, and bananas foster made table side. Not a bad way to celebrate 40.

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Matthew J. Cordes, EA

@cordes_tax

10 months

How is it possible to love someone so much? (The funny thing is this is the second time.)

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Matthew J. Cordes, EA

@cordes_tax

3 months

Closest on a planning client I've gotten this year:

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Matthew J. Cordes, EA

@cordes_tax

1 year

End of tax season dinner with my indispensable team, including my parents who clean my office, my wife and my preparer’s boyfriend Nate. Well deserved night out before a 3 day weekend.

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Matthew J. Cordes, EA

@cordes_tax

10 months

My wife wanted the hall closet turned into a mud room before the baby comes. Took me all day to get here and it still needs caulked and painted, some hooks and a cushion/pillows (after I fix some wall dings that I caused 🥴).

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Matthew J. Cordes, EA

@cordes_tax

6 months

Employee retention > client retention We need to normalize this mentality. #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

2 years

Scariest moment of my life this morning. My son woke up w/very high fever. We gave him Tylenol and within 2 min he had a febrile seizure in my wife’s arms. It only lasted 30 seconds but felt like an eternity. He came to quickly and we got him in a lukewarm bath to lower his temp

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Matthew J. Cordes, EA

@cordes_tax

5 months

Client to admin: Can Matt give an estimate for what we'll owe in taxes? Admin to me: Client wants an estimate on what they'll owe. Me to Admin: Based on what? They have provided no information. This is totally easier than Life Insurance.

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Matthew J. Cordes, EA

@cordes_tax

1 year

If you and your staff are happy with the rates you are charging your clients, and you are not overwhelmed, then you are charging enough. Don't be too concerned with what the firm down the road charges, or worse yet, across the country. Comparison is the thief of joy. #TaxTwitter

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Matthew J. Cordes, EA

@cordes_tax

3 months

Me waking up after my first 8 full hours of sleep in months to a day off:

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Matthew J. Cordes, EA

@cordes_tax

2 months

Tore the dryer apart to clean it because it isn’t drying properly. Found $0.35. Follow me for more financial tips.

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Matthew J. Cordes, EA

@cordes_tax

1 year

Listen. I loved being there with #TaxTwitter peeps at the #TaxRetreat . But this is my favorite place to be:

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Matthew J. Cordes, EA

@cordes_tax

5 months

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Matthew J. Cordes, EA

@cordes_tax

10 months

Not today, Satan

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Matthew J. Cordes, EA

@cordes_tax

5 months

"I didn't work a full year with them, so I shouldn't get a W-2." It's only February 15th, y'all

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Matthew J. Cordes, EA

@cordes_tax

12 days

I had three main criteria I wanted to be met in order to sell my firm: 1.) My employees kept their jobs 2.) The sale didn’t leave another empty building downtown (If you are from a small town, you know what I mean) 3.) The clients still had a choice of a qualified pro locally

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Matthew J. Cordes, EA

@cordes_tax

1 month

#IRSisBroken Erroneous CP14 letters are showing up. Clearly paid. Checks cleared bank. I have clients in tears and it doesn’t get better when I try to tell them it is an error. All they see is “I owe taxes. I’m in trouble!”

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Matthew J. Cordes, EA

@cordes_tax

1 year

If “No one wants to work.” was a picture

memes.xlsx

@ExcelHumor

1 year

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Matthew J. Cordes, EA

@cordes_tax

3 months

I referred 60 orphan 1040s to an EA that was just starting her own firm while still working a part time job for another firm. 33 decided to use her. It made the difference for her. I get a small referral fee from each one that pays her.

Jason Staats⚡

@JStaatsCPA

3 months

Gift baskets But they're clients you're no longer a fit for that would be great first clients for a new firm owner

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Matthew J. Cordes, EA

@cordes_tax

2 years

Email Subject line: DON’T FINISH OUR RETURN YET!!! Oh this is gonna suck, isn’t it? #TaxTwitter

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