The Tax Aspects of Cryptocurrency (OnDemand Webinar)

  • Credits: 2
  • Format: OnDemand® Webinar
  • 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-O | 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:
NASBA
IRS
CTEC