- Credits: 2
- Format: Self-Study Video
- Field of Study: Federal Tax Law
- Author/Speaker: Art Werner
*Content Preview
| Available Formats: | |
|---|---|
| Advanced Preparation: | None |
| Experience Level: | Overview |
| Program Prerequisites: | General Understanding of Taxation |
| Course ID: | EWTFM-T-01842-21-S | 6233-CE-0557 |
| Published Date: | © August 2021 |
COURSE DESCRIPTION
Cryptocurrency can be a very confusing issue for a client in both compliance and planning. This course will assist the practitioner in understanding the tax aspects of cryptocurrency from a Federal compliance standpoint.
Topics include:
- Introduction to cryptocurrency
- Understanding the term “blockchain”
- Various types of cryptocurrency
- Why cryptocurrency is popular
- Investment attributes of cryptocurrency
- Tax aspects of cryptocurrency
- Position of the Internal Revenue Service
- Understanding Notice 2014-21 (IRS Virtual Currency Guidance)
- Understanding Notice 2014-21 FAQs
- Compliance issues
- Charitable issues
- Internal Revenue Service enforcement
Learning Objectives:
After reading the course material, you will be able to:
- To provide tax practitioners with an understanding of the tax aspects of cryptocurrency from a Federal compliance standpoint.
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Other Tax Return Preparer (OTRP)
Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
