Why Accountants Should Think like a Prosecutor

Join MacTax CPA as we unravel the complexities of the ‘One Big, Beautiful Tax Bill.’ This comprehensive overview dives deep into the latest tax legislation, breaking down what it means for individuals and businesses alike. From key changes to potential strategies, we’ve got you covered. Hit play and navigate the tax landscape with confidence

This course comprehensively covers cryptocurrency and digital asset taxation and is designed for accounting professionals handling crypto transactions. Learn the IRS treatment of digital assets, including taxable events, reporting requirements, and common pitfalls. Understand how to properly calculate and report crypto gains, losses, and income while exploring practical strategies for compliance using specialized software tools. The course addresses recent IRS notices, documentation requirements, and best practices for managing cryptocurrency tax obligations. After completing this course, participants will be able to: - Identify tax implications of IRS property classification for cryptocurrency transactions - Demonstrate proper response procedures for IRS CP2000 notices regarding cryptocurrency transactions - Discover the current tax advantage of cryptocurrency losses compared to stock losses - Evaluate tax reporting requirements for business expenses paid in cryptocurrency - Document cryptocurrency self-transfers to demonstrate non-taxable status for IRS reporting

Learn about sole proprietors and single member LLCs taxation by the IRS and what to keep track of for income tax purposes Full episode out on Youtube and Audio. #newbusiness #llc #schC #accounting #business #taxes #bookkeeping #accountant #accountantlife #cpa #entrepreneur #finance #financialfreedom #taxeducation #education #taxaccountant #mactax #accountingpodcast #podcast #moneyeducation #irs #taxplanning #smallbusiness #nft #cryptocurrency #bitcoin

Today we have a conversation with Benjamin David. Ben David has served as an elected District Attorney since 2004. He is a past president of the NC Conference of District Attorneys and currently holds executive office in the National District Attorneys Association, chairing the commission on community outreach. Ben is now moving on to help CPAs and Accountants think like a prosecutor to help fight white collar crime through education and CPE training. https://pageraftstaging.nxtbook.com/the_ygs_group/vscpa/disclosures_summer_2024/disclosures_summer_2024_fraud.html   https://www.vscpa.com/report-fraud-every-time   https://www.vscpa.com/follow-money-highest-criminal-charge   https://www.theiia.org/en/products/learning-solutions/on-demand/why-internal-auditors-should-think-like-a-prosecutor/

BTC Spot ETF what’s next for crypto part 2? Price appreciation? Republican support for crypto in 2024?

Learn about the bitcoin ETF what’s next for crypto investors and why you should get serious about filing your Crypto taxes ASAP

Time to take inventory and do tax planning before year end to save on your income taxes

This Supreme Court case could forever block a future wealth tax

We have been seeing too many people lose money to scams never send crypto or money to a platform or wallet you don’t hold the private keys or passwords too

Join us for a conversation about the state of being an accountant, the IRS, running a business and more