myCPE

A Simple Approach & Overview to Virtual Currency 1 Credit

A Simple Approach & Overview to Virtual Currency 1 Credit

  • Rating

    4.7

  • Published on

    February, 2025

  • Subject Area

    Taxes

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • Discuss recent Treasury Regulations and IRS guidance on cryptocurrency. 
  • Analyze the Draft Form 1099-DA for virtual currency reporting. 
  • Define virtual currency and its role in the tax landscape. 
  • Analyze various types of cryptocurrency transactions. 
  • Differentiate modes of virtual currency wallets and their uses.

Course Overview

Cryptocurrency, or virtual currency, has become one of the most talked-about topics in the financial world. Despite its rise in popularity, it still causes confusion and uncertainty for tax professionals. Terms like "blockchain,” "wallet," and "token" can be overwhelming. This course will take you through the essentials of virtual currency, helping you demystify complex tax issues and gain the confidence needed to handle cryptocurrency matters effectively. Ready to conquer this challenging topic? Join us and discover the core principles behind virtual currency, its tax implications, and practical steps you can take today. 

In this course, we'll dive deep into the world of cryptocurrency taxation, from understanding the IRS's latest guidance to evaluating virtual currency transactions. You'll become familiar with key concepts such as Wallets, tax events, and relevant forms. We'll also explore best practices for incorporating cryptocurrency into your tax practice with confidence.  

Major Topics: 

  • IRS Regulations and Guidance 
  • Cryptocurrency Transaction Types 
  • Virtual Currency Tax Events 
  • Key Cryptocurrency Forms 
  • Cryptocurrency Reporting Practices

Whether you're new to the field or already experienced, this course by AJ Reynolds will equip you with the knowledge needed to guide clients on cryptocurrency issues.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02231-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02231-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1804) 1 CE Approved
Taxes for Personal Financial Specialist (PFS) 1 CPD Eligible
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Investment Planning for Certified Financial Planner (CFP-US) (Approval No. 334164) (Valid upto : Dec 31, 2025) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02231-24-S) 1 CE Approved
Taxes for Retirement Income Certified Professional (RICP) 1 CE Eligible
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02231-24-S) 1 CE Eligible
Taxes for Wealth Management Certified Professional (WMCP) 1 CE Eligible
Taxes for Financial Services Certified Professional (FSCP) 1 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02231-24-S) 1 CE Approved
Taxes for Chartered Special Needs Consultant (ChSNC) 1 CE Eligible
Taxes for Chartered Advisor in Senior Living (CASL) 1 CE Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02231-24-O) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02231-24-O) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1804) 1 CE Approved
Taxes for Personal Financial Specialist (PFS) 1 CPD Eligible
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Investment Planning for Certified Financial Planner (CFP-US) (Approval No. 334164) (Valid upto : Dec 31, 2025) 1 CE Approved
Taxation for Chartered Financial Consultant (ChFC) 1 CE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02231-24-O) 1 CE Approved
Taxes for Retirement Income Certified Professional (RICP) 1 CE Eligible
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02231-24-O) 1 CE Eligible
Taxes for Wealth Management Certified Professional (WMCP) 1 CE Eligible
Taxes for Financial Services Certified Professional (FSCP) 1 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02231-24-O) 1 CE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Taxes for Chartered Special Needs Consultant (ChSNC) 1 CE Eligible
Taxes for Chartered Advisor in Senior Living (CASL) 1 CE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Need to meet your Enrolled Agent (EA) Continuing Education (CE) requirements? MYCPE ONE has you covered. Our Online EA CE courses make it easy to earn credits while expanding your expertise in tax regulations and practices. Stay ahead with the latest updates and in-depth insights designed to keep you at the top of your field. With flexible scheduling and a user-friendly platform, MYCPE ONE offers a convenient, interactive learning experience. Start advancing your career today! 

About Instructor

Allan J. Reynolds

AJ Reynolds

President, ABC Bookkeeping & Tax Service, Inc.

  • 4.8
  • rating
  • rating
  • rating
  • rating
  • rating

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues.

A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. 

A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving for five years in the United States Navy onboard the Guided Missile Destroyer USS Callaghan. While onboard the destroyer, the ship executed many missions in the Straits of Hormuz off the coast of Iran.

Outside of his tax practice, A.J. is a member of the Diocese of Sioux City Priests’ Pension & Welfare Board and the Investment Advisory Board for the Diocese. When not working, his time is spent in various activities, including traveling with his wife and their two children.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

Catherine Brown

Catherine Brown, CPA (US)

5

I learned the basics of cryptocurrency. The instructor gave good illustrations to help visualize a topic that makes little sense to me. I still need to learn more but this is a great start.

RC

Ross Chapman, CPA (US)

5

Not knowing much about Cryptocurrency, this session was informative and enlightening. The speaker knew what he was talking about and gave a great presentation on the subject.

Recommended Courses

Navigating Form 1120S: Top 10 Mistakes and How to Avoid Them!

Feb 27, 09:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • EA
  • ORTP
  • CLU
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA

IRS Tax Pro Account Setup and Transcript Basics

Feb 27, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA

Demystifying the FBAR

Feb 27, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA

Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)

Feb 27, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA

Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs

Feb 27, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CLU
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
  • CAP

Best Tax Return Workshop On S Corporation (1120S)

Feb 27, 11:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker

    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault

    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders

    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access

    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support

    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Get Started with Unlimited Learning

Select your plan, complete your payment, and access a world of knowledge.

Subscription Inclusions Silver Gold
13,000+ Hrs of CPE approved Content
tooltip

Largest content library covering all aspects of professional development.

500+ Emerging Subject Areas
tooltip

Wide range of subject areas tailored to meet diverse learning needs of all the department of the firm.

50+ State- Specific Ethics Courses
tooltip

Stay compliant with ethics requirements for every state.

50+ State Compliance Packages
tooltip

Pre-selected courses for quick compliance, saving time and effort.

100+ Advanced Certification Programs
tooltip

Expert-led programs to build advanced expertise and strengthen your career credentials.

AICPA Eligibility Programs (CFF, ABV, PFS)
tooltip

Pre-Packaged Eligibility Courses for AICPA designations such as PFS, ABV, and CFF, offering CPE credits upon completion.

Compliance Tracker and Credit Vault
tooltip

Store all your certificates in one place, stay compliance-ready with ease, and track your progress effortlessly using the built-in credit tracker.

Instant Certification and Fast Reporting
tooltip

Instant reporting to IRS, CFP Board, and other governing bodies.

Mobile App Access (iOS and Android)
Access to Communities
tooltip

Join communities tailored to your specific interests and areas of expertise.

Select Tenure

Start Your Subscription 

Start your journey towards learning and compliance.

card

$299$199 For 12 Months

Start Your Subscription

$299$199/year

Secure unlimited access

Click Here

More Reasons to Subscribe

  • true true
    80% of Content Rated 4.5+ Stars
    High-quality content rated by professionals.
  • true true
    4X More Content at 1/3rd the Price
    Serious value compared to your regular provider!
  • true true
    Non-Sponsored Content
    Purely educational, unbiased content for your learning.
  • true true
    Monthly & Quarterly Updates
    Keeping you ahead of trends and changes.
  • true true
    Podcasts with Industry Leaders
    Learn and Earn CPE from experts on the go.
Subscribed
Jarvis purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Nicole purchased a subscription.
Subscribed
Tien Dung purchased a subscription.
Subscribed
Richard purchased a subscription.
Subscribed
Ziyan purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Sandra purchased a subscription.
Subscribed
Wilbert Fields purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Robyn purchased a subscription.
Subscribed
Nadew purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Darcy purchased a subscription.
Subscribed
Hugh purchased a subscription.
Subscribed
Cortney purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
Kerry purchased a subscription.
Subscribed
Dennis purchased a subscription.
Subscribed
Keely purchased a subscription.
Subscribed
Tealie purchased a subscription.
Subscribed
bill purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Terry purchased a subscription.
Subscribed
Darion purchased a subscription.
Subscribed
Nicholas purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Debra purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
KATHRYN purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Cathryn purchased a subscription.
Subscribed
Julie purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
joseph purchased a subscription.
Subscribed
Jimmy purchased a subscription.
Subscribed
Shalene purchased a subscription.
Subscribed
STEPHEN purchased a subscription.
Subscribed
Ryan purchased a subscription.
Subscribed
Gwennet purchased a subscription.
Subscribed
John Christopher purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
Ekta purchased a subscription.
Subscribed
yong purchased a subscription.
Subscribed
Woody purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Stephanie purchased a subscription.
Subscribed
Wei purchased a subscription.
Subscribed
Tiffany purchased a subscription.
Subscribed
Cynthia purchased a subscription.
Subscribed
Samuel purchased a subscription.
Subscribed
Sarita purchased a subscription.
Subscribed
Vanessa purchased a subscription.
Subscribed
Ed purchased a subscription.
Subscribed
Tiffany purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Constance purchased a subscription.
Subscribed
Craig purchased a subscription.
Subscribed
DOUGLAS purchased a subscription.
Subscribed
Gerry purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
jessica purchased a subscription.
Subscribed
CAROL purchased a subscription.
Subscribed
Crissy purchased a subscription.
Subscribed
Jose purchased a subscription.
Subscribed
Danny purchased a subscription.
Subscribed
Pamela purchased a subscription.
Subscribed
Emilce purchased a subscription.
Subscribed
Katherine purchased a subscription.
Subscribed
BRANDON purchased a subscription.
Subscribed
Annamarie purchased a subscription.
Subscribed
Jonathan purchased a subscription.
Subscribed
Lacy purchased a subscription.
Subscribed
Andrew purchased a subscription.
Subscribed
Faisal purchased a subscription.
Subscribed
Kristine purchased a subscription.
Subscribed
Jill purchased a subscription.
Subscribed
Arcelia purchased a subscription.
Subscribed
Stephanie purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Pamela purchased a subscription.
Subscribed
Pauline purchased a subscription.
Subscribed
Seng purchased a subscription.
Subscribed
Brandon purchased a subscription.
Subscribed
Susan purchased a subscription.
Subscribed
Naomi purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Douglas Barrie purchased a subscription.
Subscribed
Suzette purchased a subscription.
Subscribed
Diane purchased a subscription.
Subscribed
Catrina purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
bonnie purchased a subscription.
Subscribed
Joe purchased a subscription.
Subscribed
Hammad purchased a subscription.
Subscribed
Alyssa purchased a subscription.
Subscribed
ERIC purchased a subscription.
Subscribed
Denise purchased a subscription.
Subscribed
travis purchased a subscription.