Internal Revenue Service has partnered up with an online video site, YouTube, to deliver its message to the general public. You can find hundreds of useful tax-related videos on YouTube. You can estimate the popularity of this combination by looking at the viewership of the IRS channel. Over 1.7 million views make the IRS YouTube Channel the fifth most viewed online channel out of more than one hundred and twenty-five YouTube Channels.
IRS conducts online webcasts on various topics and posts those webcasts as the video’s on YouTube. You can participate in an online webcast to ask your questions live to an IRS agent or simply view the video’s to enhance your knowledge. During tax time you find videos about last-minute tax tips or how to arrange a payment schedule with the IRS. However, you will also find a wealth of knowledge even after tax time.
Just last month, IRS conducted a webinar called “Small Business Advantage: Put our knowledge to work for you.” The webinar was over one hour long and included multiple resources to help small businesses thrive.
You can easily find the IRS YouTube channel by simply typing IRS in the search box on YouTube.
Sanjiv Gupta CPA advises all his clients to learn from online videos but don’t depend upon that advice entirely. Often time interpretation of online video can cause quite a bit of confusion and usually end up costing penalties and late payment charges to taxpayers. ‘You should watch the video to understand the basic concept but always consult with tax professional to understand how you can apply the concept in your business” explains bay area’s popular certified public accountant Sanjiv Gupta.