Compass Tax Educators

Taxpayers are finding unique means to earn income, and many questions have come up about what income needs to be claimed on an annual return and what are permissible deductions for business purposes. Some of the taxpayers most commonly impacted include social media influencers or brand ambassadors, OnlyFans content contributors, cryptocurrency purchasers, online gamblers, and more.

Learning Objectives

• Compare and contrast the complexities of unique income sources, including gauging the legality of each activity.
• List expenses that are permitted for unique industries and how to include these deductions on individual and entity tax returns.
• Identify unique expenses to propose to clients that are not typical outside of unique industries.
• Describe these industries and how to best serve clients who work in them.

Education Information
IRS Program Number: NMVBP-T-00274-24-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topic/Federal Tax Related Matter (IRS)
Credit hours: 2 NASBA CPE / 2 IRS CE

Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

Instructor: Brad Messner, EA and Matt Metras, EA Click here to learn more about the instructors.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.