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re: Anyone who works offshore 14/14 have a good tax advisor ?
Posted on 3/12/26 at 11:55 am to Weekend Warrior79
Posted on 3/12/26 at 11:55 am to Weekend Warrior79
quote:
If it helps, he actually works 84+ hours a week 2 weeks in a row, then has 2 weeks off
This is correct
0
Posted on 3/12/26 at 12:01 pm to theCrusher
quote:fake news
FWIW - The IRS rarely audits a tax return prepared by a CPA.
Audit selection has absolutely zero to do with the credentials of the preparer.
Higher or lower scrutiny is given to types of returns and higher income individuals.
Where do some of you come up with the bullshite you spew as fact
Posted on 3/12/26 at 12:23 pm to Dragula
quote:
No confusion here, I just cannot fathom working an 84hr work week every week.
Then you’ve never worked in O&G. 40 regular and 44 overtime is a normal week offshore. It’s. 24 hour 7 day per week operation.
This post was edited on 3/12/26 at 12:25 pm
Posted on 3/12/26 at 4:31 pm to Baylor
I'm surprised the company hasn't given guidance on this. Or others in similar situations. Hell, plant baws work similar types of schedules. How are you baws with the large truck nuts handling this?
Posted on 3/12/26 at 4:39 pm to RoyalWe
quote:
I'm surprised the company hasn't given guidance on this.
what guidance would they give? companies shouldnt be giving guidance on individual tax returns.
Posted on 3/12/26 at 5:14 pm to diat150
Am I asking for companies to provide guidance on individual tax returns? No.
What companies do provide guidance on is how compensation changes are handled in payroll — especially when a new law affects overtime, withholding, reporting, or eligibility thresholds. That’s basic payroll compliance, not tax preparation.
When Congress changes how OT is treated, it’s perfectly reasonable for employees to ask how their employer plans to implement it operationally.
So no — this isn’t about companies doing people’s taxes. It’s about employers explaining how they’ll apply the new law to payroll.
What companies do provide guidance on is how compensation changes are handled in payroll — especially when a new law affects overtime, withholding, reporting, or eligibility thresholds. That’s basic payroll compliance, not tax preparation.
When Congress changes how OT is treated, it’s perfectly reasonable for employees to ask how their employer plans to implement it operationally.
So no — this isn’t about companies doing people’s taxes. It’s about employers explaining how they’ll apply the new law to payroll.
Posted on 3/12/26 at 5:21 pm to Baylor
quote:
None of this is on my w2
You have to use your last check stub of last year.
Posted on 3/12/26 at 5:28 pm to Dragula
quote:
No confusion here, I just cannot fathom working an 84hr work week every week.
quote:He works offshore and now
cannot fathom
Posted on 3/12/26 at 5:41 pm to Baylor
quote:
I read that but not sure if I can charge the scheduled overtime I get it if that’s exempt
You have a base pay rate. Anything you get paid over that base pay rate is deductible up to 50% of the base rate (cannot exceed the time-and-a-half specified by federal law), provided it is for time that exceeds 40 hours in a pay week.
It boils down to this: scheduled or unscheduled does not matter, so long as it meets the criteria that your pay is no more than 1.5 times the base rate and you have at least 40 hours of regular time in that week.
Posted on 3/12/26 at 8:10 pm to RoyalWe
quote:
Am I asking for companies to provide guidance on individual tax returns? No.
That’s exactly what you asked. This law has no effect on anything that the employer is doing and is strictly handled on the individuals tax return. So the rest of what you typed isn’t relevant. Starting in 2026 the w2 will have to show the overtime hours, but this is already tracked on 99% of peoples paystubs already and will just carry over to the w2.
Posted on 3/12/26 at 9:17 pm to diat150
You literally contradicted yourself in the same paragraph.
You said the law “has no effect on anything the employer is doing,” and then immediately said that starting in 2026 the W-2 has to show overtime hours.
Who do you think generates W-2s? The IRS fairy?
That’s an employer reporting requirement. Payroll systems have to track, classify, and report those wages correctly. That’s exactly the kind of implementation guidance employees ask about when a compensation-related law changes.
No one asked a company to prepare someone’s tax return. That was a strawman you invented so you could argue with it.
Payroll compliance does not equal personal tax filing.
You said the law “has no effect on anything the employer is doing,” and then immediately said that starting in 2026 the W-2 has to show overtime hours.
Who do you think generates W-2s? The IRS fairy?
That’s an employer reporting requirement. Payroll systems have to track, classify, and report those wages correctly. That’s exactly the kind of implementation guidance employees ask about when a compensation-related law changes.
No one asked a company to prepare someone’s tax return. That was a strawman you invented so you could argue with it.
Payroll compliance does not equal personal tax filing.
This post was edited on 3/12/26 at 9:18 pm
Posted on 3/12/26 at 9:36 pm to Baylor
Real talk. Thus is an absolute shite show this year.
First make sure the premium isn’t listed on your w-2. It was optional for 2025 so some companies did it don’t did not. Some offered a statement some did not.
If your company did not give you anything, take your last pay stub of year and take the OT amount and divide by 3.
This is not perfect. The only OT that counts is FLSA mandated OT which is a 50 percent premium for hours worked over 40 in a workweek.
If you get double time, you can’t count the entire double… just the 50 percent premium.
And as others have said there are overall limits.
First make sure the premium isn’t listed on your w-2. It was optional for 2025 so some companies did it don’t did not. Some offered a statement some did not.
If your company did not give you anything, take your last pay stub of year and take the OT amount and divide by 3.
This is not perfect. The only OT that counts is FLSA mandated OT which is a 50 percent premium for hours worked over 40 in a workweek.
If you get double time, you can’t count the entire double… just the 50 percent premium.
And as others have said there are overall limits.
Posted on 3/12/26 at 9:38 pm to Baylor
quote:
With this new no tax on overtime the 14/14 schedule is kind of unique .
Over half my pay is overtime .
The 20ish year old chick that cuts my hair is in the same situation. This is not rocket science (IRS.gov scenarios here.)
It's not hard. With tips, her W-2 didn't break out tips. But, I had her pull the pay report for 2025 which broke tips out, which is enough evidence for the filing. You may have to pull individual pay slips and add them up, but again, pretty basic. Should be the same thing with your OT. Not being able to deduct a ton of non reimbursed work expenses (mileage, tolls, etc.) made taxes much more expensive, but easier for W-2s.
Posted on 3/12/26 at 9:39 pm to SuperSaint
quote:
Audit selection has absolutely zero to do with the credentials of the preparer.
Sort of. Good CPAs are less likely to prepare tax returns that throw off red flags that get caught in the IRS automatic selection systems.
Also if a particular preparer has a lot of problem returns, it is much more likely that other returns prepared by that person will be pulled for audit. That’s the whole point of the PTIN system and why ghost preparers are such a problem.
Posted on 3/12/26 at 10:02 pm to LSUFanHouston
quote:
Good CPAs
Nobody that is looking for tax advice a month before the filing deadline is likely to get a good CPA. This happens *every* year on TD.
They don't understand the dynamic: existing clients come first, and are already going to stretch staff to the limit. Someone wanders in a a month after they got their W-2 back is going to be told to file an extension, at best.
Posted on 3/12/26 at 11:16 pm to Baylor
There is a good CPA that works out of Columbia, Louisiana named John Carroll. I've used him for years. He specializes in oil and gas work as well as some other things. It's a little bit of a drive for me, but it's been worth it.
Posted on 3/13/26 at 2:51 am to JDPndahizzy
The whole no “ tax on overtime “ sure was SOLD as something different than it ended up being.
Posted on 3/13/26 at 3:30 am to Baylor
quote:
So I work 84 hrs a week 40 is regular and 44 is ot
Worked one summer off shore when in college was 7/7. 84hr work week but the broke the pay cycle in half so you only had 4 hrs of OT. They can’t game the system on 14/14. So you get way more OT.
On a side not most hours worked in a “week” was my last hitch. Worked 104 hours. I was the cheapest labor ($7/hr back in ‘93) so I got the 2 am make up to help rig the supply’s. Being delivered.
Posted on 3/13/26 at 6:18 am to Baylor
How is your overtime calculated? Overtime is only deductible if it's any hours worked more than 40 hours per week as defined by the Fair Labor Standards Act of 1938. Your overtime is not deductible if it's anything over 8 hours per day. The IRS is being fairly lenient about it this year, but next year there will (or should) be a box on your W-2 that provides OT info for your tax preparer. If you're one of those who works 12 hour shifts and anything over 8 hours in OT, you're SOL.
quote:
The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay. There is no limit in the Act on the number of hours employees aged 16 and older may work in any workweek. The FLSA does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime is worked on such days.
Posted on 3/13/26 at 6:32 am to LSUFanHouston
quote:
Real talk. Thus is an absolute shite show this year.
Would you prefer to owe the taxes?
You got to remember inauguration happens after the tax year starts. So to not make it a shite show, you don't change anything midway through the year.
It's not like this was voted on dec 31 2024 and implemented 1/1/25.
This post was edited on 3/13/26 at 6:33 am
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