Designed For:
CPAs, EAs, and other financial and tax professionals at any stage of their career
Adding additional credit may change exam requirements.
Audio mispronounced several words.
Excellent introduction to these topics. On a side note though, the author seems to assume that the gig economy and ride-sharing are "good things." True, they do provide some cost savings and easy side income. I've experienced some "gig-people who were very confused by the tax implications. Neighbors do not necessarily appreciate AIRBNB participants.
I learned very useful information!
SATISFIED
I had limited knowledge of the gig economy for tax preparation purposes.
I like the audio.
Quality and clarity of updated course materials, videos and course presen tations
It isn't until digging into the course you soon find out how much you don't know. The simple's topic becomes a challenging one. With recent changes in this category of employment, as a tax preparer one frequently is asked how to keep records and logs as an Independent Contractor. This was an excellent course.
Great suppott staff
GOOD SO FAR
Overall, I was satisfied with the course. My only compliant is that I found it sexism that the narrative assumed that the ride-sharing drivers are "he." I understand using gender specific pronouns in the examples based on the names of the individuals in the examples. However, in the body where there is no specific person or example, it would be best to use gender neutral pronouns, like they OR s/he.
Very informative.
It seemed like a few questions were tricked questions Overall it was good courses
The exam questions and the text did not go together
I have been taking this course for years and like the audio and practice tests
For this module, "Gigs & Taxes - CETC" I take exception to question 3 which begins..."Uber launches robotaxi services..." My interpretation of that question is ad advertisement/promotion for Uber and the answers are fully subjective. All four answers could be correct. After studying the possible choices it became clear that the person who wrote the query was making more of a political statement (benefits of EV's, etc.) than anything that has to do with the subject at hand... taxes and tax code implementation. All four answers could be accurate (and quite frankly, are). Uber of course wants to reduce their labor cost (answer A). Of course Uber prefers arbitration rather than litigation (answer B). The whole Uber business model is dependent on expanding into traditional taxi markets (answer C). Which leads to my bottom line: Did someone at Uber contribute to the source material and write that question? Seems highly likely.
The course does not discuss tax treatment of shared housing. How do you report someone renting only one room in a big house? and how it is reported if it was rented for short times only? depreciation? expanses? etc. Also, you don't mentioned the supplement statement that Uber gives the drivers with all the fees. It's an expanse that the drivers can take but the tax expert has to ask the client for this statement so they can deduct the expanses.
On the final exam, question 5, letter D, has a typo - it is missing Schedule C. It currently says "Schedules and EC." I knew the answer, and the other three options were not correct.
Please look at the answer for Question 5 about making $11,500 for the year. I believe there is a letter missing in the correct answer. I think it should be Schedule "C" and SE.
The course was great. The only improvement I would suggest is boiling down the cluster of words used and be simple and straight-forward to make it even easier to understand.
Interesting topic. Easy to tie exam back to course content