Influencer Tax Issues
On DemandProduct Description
The course begins with definitions of influencers, hobby/business differentiation and proving profit motive. It then discusses income sources and overlooked income items, followed by discussion of expenses unique to influencers. It then analyzes entity choices and unexpected issues, concluding with 5 case studies.
Prerequisites
NoneField of Study
Taxes-2.00NASBA Categories
TaxesCourse Level
IntermediateCourse Objectives
At the conclusion of this class the student should understand what defines an influencer, different levels of influencers and how an influencer makes money. It then takes the student through an analyses of requirements to deduct expenses as a business with particular emphasis on proving a profit motive. The tax aspects of income and hidden income sources lead to an in-depth discussion of particularly troublesome influencer expenses such as clothing, travel, meals and vehicles. It ends with an overview of entity choice suggestions, multi-state tax issues and 5 case studies.
Disclaimer
TaxSpeaker offers a 100% 30-day money-back guarantee upon returning the self-study materials, to any paid participant in any self-study program if you are not happy with your purchase. No refunds will be issued after the exam has been attempted or completed.
Continuing Education
Jennings Advisory Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor #108251
Jennings Advisory Group, LLC has entered into an agreement with the Return Preparer Office, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Return Preparer office as to the quality of the program or its contribution to the professional competence of the enrolled individual. IRS Sponsor Number 5KBKR.
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