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Tax Planning for Content Creators, Social Media Influencers, and Online Entrepreneurs

Key Tax Issues, Structuring Tax Efficient Entities, Reporting and Maximizing Deductions, Handling IRS Audits

Recording of a 90-minute premium CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
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Conducted on Tuesday, May 2, 2023

Recorded event now available

or call 1-800-926-7926

This CLE/CPE webinar will provide tax professionals a detailed analysis of tax challenges and planning techniques for content creators, social media influencers, and online entrepreneurs. The panel will discuss complex tax planning challenges for online entrepreneurs, planning tips for certain assets, income tax issues, structuring tax efficient entities, sourcing of income, and tactics for handling IRS audits.

Description

Content creators and online entrepreneurs are subject to a variety of federal and state tax rules which can lead to adverse tax implications. However, these taxpayers can lower their tax burden by understanding applicable tax laws and implementing effective tax planning strategies. Tax professionals must recognize the compliance and reporting challenges and navigate complex federal and state tax rules applicable to content creators and online entrepreneurs.

Online entrepreneurs, influencers, and content creators who earn income or business profits through online platforms like YouTube, Instagram, TikTok, and Twitch must be aware of the tax rules associated with their earnings and the necessary steps to ensure they comply with all relevant tax rules.

In addition to the challenges associated with hobby vs. business income, sourcing rules, and self-employment tax regulations, these taxpayers must also consider their potential tax obligations in the countries where they have followers and earn income. Tax professionals must understand these rules in order to avoid federal and state tax penalties or fines.

Listen as our panel discusses complex tax planning challenges for content creators and online entrepreneurs, planning tips for certain assets, income tax issues, structuring tax efficient entities, sourcing of income, and tactics for handling IRS audits.

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Outline

  1. Overview of key tax issues for content creators and online entrepreneurs
  2. Critical tax planning considerations
    1. Hobby vs. business income
    2. Sourcing of income
    3. International tax issues
  3. Structuring tax efficient entities
  4. Tax forms, reporting, and maximizing deductions
  5. Handling IRS audits

Benefits

The panel will discuss these and other key issues:

  • Federal tax rules that must be considered by content creators and online entrepreneurs
  • Available tax planning tools to minimize tax liability
  • Structuring tax efficient entities for efficient tax planning and reporting
  • Applicable tax forms, reporting challenges, and available deductions
  • Sourcing of income and potential international tax issues
  • Navigating IRS examinations

Faculty

Alexander, Garrett
Garrett Alexander, CPA

Co-Founder
Orsini & Associates

Mr. Alexander is co-founder of Orsini & Associates. He’s also currently serving as the President of the...  |  Read More

Dana, Michael
Michael Dana

Partner
Husch Blackwell

Mr. Dana provides tax and corporate law advice to businesses at all phases of operation, from initial business...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

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