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Course Level :Basic
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Credits :0.2
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Instructional Method :Nano Learning
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Pre-requisites :None
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Advance Preparation :None
Published : September, 2023
Step into the captivating world where music meets taxes!
In this engaging myCPE Short, we're diving into the intriguing tax implications surrounding two music industry icons, Taylor Swift and Beyoncé. While it might not be our usual tax law update, it's a fascinating look at how these artists generate massive revenues and the tax considerations that follow.
In this course, we explore the financial juggernaut that is Taylor Swift's record-breaking tour, projected to bring in a staggering $1.4 billion in revenues. Discover how such colossal earnings impact not only the artist but also the cities and states where the concerts occur. We'll discuss the economic ripple effect and the substantial tax revenues generated by these events, providing valuable insights into various tax concepts.
But the story doesn't end there. Uncover the tax drama with Beyoncé as she faces off with the IRS over millions of dollars in disputed deductions. Learn about the tax court battle unfolding and how the qualified business income deduction comes into play.
Join us for a unique perspective on the intersection of music, money, and taxes. Explore the Swiftonomics and the financial influence of these music legends on our economy. It's a Course that promises to be music to your ears, even if you're not a tax enthusiast.
At this time, Nano-learning is not accepted by all state boards. If you are unsure whether your state board accepts Nano-learning, you can ask your state board or visit the NASBA registry.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Certified Public Accountant (CPA), Nicholas Preusch
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
19 Ratings
