Tax expert Ed Slott explains why following some tax advice on TikTok could lead to an IRS audit. Jack Shannon, Morningstar Research Services’ senior manager research analyst, pits the valuation of privately held ByteDance against publicly traded rivals Meta and Snap.
How are Companies like ByteDance Valued?
Why Valuations Matter
ByteDance and Tech’s 2023 Rally
TikTok, Meta, and Snap
TikTok’s Business Risks
The “Unicorn of all Unicorns”
IRS Releases Memo About TikTok Trend
Audit Warning
What the TikTok Trust Promoters Are Getting Wrong
How to Protect Yourself
Read about topics from this episode.
How Mutual Funds Are Valuing TikTok, Twitter, and Other Private Companies https://www.morningstar.com/funds/how-mutual-funds-are-valuing-tiktok-twitter-other-private-companies
The Best and Worst Mutual Fund Bets of the Past 25 Years https://www.morningstar.com/funds/best-worst-mutual-fund-bets-past-25-years
IRS Chief Council Memo https://www.irs.gov/pub/lanoa/am-2023-006-508v.pdf
What to watch from Morningstar.
Payment Pause Ends: Student Loan Expert Shares Repayment Tips
https://youtu.be/wVr-_KOM3Qw?si=GtSJQNVoPsbXDHia
UAW Strike Raises Investor Risks https://youtu.be/D-fkLxPeVVI?si=HxF5jUQPju2AJmDt
3 of the Best Robo-Advisors, and One of the Worst https://youtu.be/BSoSdJdUFKU?si=4K7BciRIHIq7Run9
Stocks to Consider as the U.S. Pushes to Reclassify Cannabis https://youtu.be/fME1Oyit2CY?si=XbvRY1fz-etDjn4o
Read what our team is writing:
Ivanna Hampton https://www.morningstar.com/authors/2399/ivanna-hampton
Jack Shannon https://www.morningstar.com/authors/2372/jack-shannon
Follow us on social media.
Facebook: https://www.facebook.com/MorningstarInc/
Twitter: https://twitter.com/MorningstarInc
Instagram: https://www.instagram.com/morningstar...
LinkedIn: https://www.linkedin.com/company/5161/
