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Resources for Accountants

How Long Does the IRS Have to Collect Money? [Video]

The IRS can’t come after a taxpayer for unpaid taxes forever. Once a tax deficiency has been assessed, the IRS has ten years from the date of the assessment to collect the tax, penalties, and/or interest per Section 6502 of the tax code. This time period is called the Collection Statute Expiration Date (CSED) and it can be extended if the taxpayer agrees to an installment agreement or if the IRS successfully obtains a court order.The CSED may also be suspended (paused) if the taxpayer:-Files for bankruptcy-Files a request for innocent spouse relief-Submits an offer in compromise-Requests a collection due process hearing-Enters a combat zone-Lives outside the U.S. continuously for a period of six months or moreWhat if the taxpayer doesn’t file a tax return? In that case, the IRS will file a tax return for the taxpayer (this is called a Substitute for Return) and assess the tax, at which point the CSED begins.— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES AND SPREADSHEETS* http://eepurl.com/dIaa5z— SUPPORT EDSPIRA ON PATREON*https://www.patreon.com/prof_mclaughlin— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/* https://michaelmclaughlin.com

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Resources for Accountants

SUBSTITUTE FORMULA – WALLSTREETMOJO EXCEL MINI SERIES [Video]

Hey Excel fans! 📊 Ever wondered how to combine text from multiple cells into one? Meet the CONCATENATE formula! It’s like stitching together a story from different chapters. 📖✨Example time! Imagine you’ve got “Hello” in one cell and “World” in another. You can join them like this: =CONCATENATE(“Hello”, ” “, “World”). The result? A seamless “Hello World”. 🔗Give it a try and make your data sing! 🎶#Excel #CONCATENATEFormula #DataJoin #ExcelFun #TextConnection #ExcelTips #SpreadsheetMagic #ExcelTricks #DataMastery #shorts

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Resources for Accountants

Introduction to Fixed Income 📊💼 | Wallstreetmojo Free Course Series Introduction [Video]

🤝 Welcome to Wallstreetmojo’s new free course on Fixed Income! 🌟 In this introductory video, we kick off our comprehensive 15-part series designed to demystify the world of fixed income securities and investments.Join us as we explore the basics of fixed income, including what it is, how it works, and why it’s an essential component of financial markets. We’ll provide a clear overview of key concepts and set the stage for the in-depth topics to come.To get the most out of this course and earn your free certificate, visit our main website www.wallstreetmojo.com and complete the entire series. Whether you’re a finance student, professional, or enthusiast, this course will equip you with the knowledge needed to excel in the fixed income market.Hit that subscribe button to stay updated on our latest videos, and let’s embark on this fixed income journey together! 🚀

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Resources for Accountants

UPPER FORMULA – WALLSTREETMOJO EXCEL MINI SERIES [Video]

Hey Excel Enthusiasts! 📈✨Ever wanted to shout out something in your spreadsheet? Well, the UPPER formula is here to help! It converts your text to uppercase, making it look like you’re shouting. 📢For example, if you want to turn “hello” into an enthusiastic “HELLO”, just use the formula like this: =UPPER(“hello”). It’s that easy! ⬆️Give it a try and make your data roar!#Excel #UPPERFormula #DataUpper #ExcelFun #TextShout #SpreadsheetShouts #ExcelTips #shorts

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Resources for Accountants

SEC Reporting: Non-GAAP Financial Measures [Video]

Take a journey with us to the Upside Down with this Stranger Things-inspired CPE-eligible eLearning course (1.0 CPE) covering everything you need to know about non-GAAP financial measures. The self-study course begins by defining non-GAAP financial measures, giving common examples used by companies, and explaining why companies use them. We’ll then walk through the applicable SEC guidance and requirements set out in Regulation G and Item 10(e) of Regulation S-K. Next, you’ll learn about the most common types of SEC staff comments related to non-GAAP financial measures and the focus of their Compliance and Disclosure Interpretations (C&DIs). The course concludes with looking at “real-life” example filings and the related SEC comment letters. Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/714/sec-reporting-non-gaap-financial-measuresLearn more about GAAP Dynamics: https://www.gaapdynamics.com/Check out our other online courses on the Learning Library: https://revolution.gaapdynamics.com/l…Subscribe to GAAP Dynamics to see more videos like this!

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Resources for Accountants

Conclusion & Next Steps 🚀✨ | Wallstreetmojo Venture Capital Series [Video]

🤝 Welcome to the concluding video of Wallstreetmojo’s Venture Capital series! 🌟 In this final installment, we wrap up our exploration of venture capital, summarizing the key insights and takeaways from each video.Join us as we review the essential concepts covered, from understanding what venture capital is and the investment process to measuring VC success and studying Sequoia Capital. We’ll also discuss the next steps you can take to continue learning and applying venture capital strategies in your entrepreneurial or investment journey.Whether you’ve followed the entire series or are just tuning in, this video provides a comprehensive recap and future roadmap to keep you engaged and informed in the venture capital space.Hit that subscribe button to stay connected with Wallstreetmojo, and let’s celebrate the conclusion of our venture capital series together! 🚀

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Resources for Accountants

Watch This *Before* You Start a Business | Checklist for Starting a Business [Video]

Starting a business is the dream of many people. Actually starting that business converts your dream into reality. But there is a gap between your dream and reality that can only be filled with careful planning. As a business owner, you will need a plan to avoid pitfalls, to achieve your goals, and to build a profitable business. This video is a checklist to help you determine if your idea is feasible, to identify questions and problems you may face in converting your idea into reality, and to prepare for starting your business.

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Resources for Accountants

CLEAN FORMULA – WALLSTREETMOJO EXCEL MINI SERIES [Video]

Ever feel like your text data needs a good scrub? 🧽 Say hello to the CLEAN formula in Excel! This handy tool removes those pesky non-printable characters, making your text all shiny and readable. ✨Here’s a quick example:Got some messy text like “HelloWorld”? Clean it up with:=CLEAN(“HelloWorld”)And just like that, your text transforms to “HelloWorld”. 🧼 Super neat, right?#ExcelTips #CLEANFormula #DataCleaning #ExcelMagic #TextCleanup #SpreadsheetSkills #ExcelWiz #shorts

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Resources for Accountants

Case Study: Sequoia Capital 🏢📚 | Wallstreetmojo Venture Capital Series Part 7 [Video]

🤝 Welcome back to Wallstreetmojo’s Venture Capital series! 🌟 In Part 7, we dive into an in-depth case study on Sequoia Capital, one of the most renowned venture capital firms in the world.Join us as we explore the history, investment philosophy, and success stories of Sequoia Capital. We’ll examine how Sequoia has identified and supported some of the most successful startups, their key investment strategies, and the impact they’ve had on the venture capital landscape.Whether you’re an aspiring entrepreneur, an investor looking to learn from the best, or simply curious about the workings of a top VC firm, this video offers valuable insights into the practices and achievements of Sequoia Capital.Hit that subscribe button to stay updated on our latest videos, and let’s explore the case study on Sequoia Capital together! 🚀

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Resources for Accountants

How Long Does the IRS Have to Find You? [Video]

The IRS generally can’t come after taxpayers indefinitely to audit tax returns from prior years. Per Section 6501 of the tax code, the IRS has 3 years from the later of (1) the filing of a tax return or (2) the unextended due date of the tax return to assess a tax deficiency. However, if the taxpayer omitted gross income that exceeds 25% of the gross income reported, the statute of limitations is 6 years. And if the taxpayer filed a fraudulent tax return (or if the taxpayer didn’t file a tax return at all) then there is no statute of limitations. If the IRS and the taxpayer mutually agree, the statute of limitations can be extended by filing Form 872. — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES AND SPREADSHEETS* http://eepurl.com/dIaa5z— SUPPORT EDSPIRA ON PATREON*https://www.patreon.com/prof_mclaughlin— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/* https://michaelmclaughlin.com

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Resources for Accountants

Accelerate & Lead [Video]

The accounting and finance profession works tirelessly to lead through uncertainty and disruption, providing clarity for individuals, organisations, and economies in a world of constant change. However to continue driving our profession forward, we know that we must do more than adapt and thrive – we must accelerate and lead into the future.#CIMA #accounting #finance