Implications, Discussions, and Insights
This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.
As the digital asset landscape continues to evolve, tax and accounting professionals face new challenges in ensuring compliance with IRS regulations. The introduction of Form 1099-DA marks a significant development in this regard, aiming to streamline the reporting of digital asset transactions, including cryptocurrencies and non-fungible tokens (NFTs).
In this informative webinar, participants will delve into the intricacies of Form 1099-DA, gaining insight into its purpose, scope, and the impending reporting requirements scheduled to come into effect in January 2026. Understanding and complying with IRS Form 1099-DA is crucial for all stakeholders. By arming ourselves with the knowledge and strategies shared in this session, we can adeptly navigate the complexities of digital asset reporting, ensuring compliance and mitigating risks within an ever-evolving regulatory landscape.
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Major topics covered-
Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent.
, CryptoCFOs
CryptoCFOs is the premier community dedicated to professionals in the Web3 finance sector, including accountants, tax professionals, CFOs, CPAs, bookkeepers, auditors, attorneys, enrolled agents, business students, Web3 executives, and investors.
Our mission is clear: to demystify the complexities of crypto taxation and accounting. We offer expert guidance to simplify crypto tax and accounting, providing members with exclusive access to valuable resources, educational content, networking opportunities, and the latest insights into crypto, NFTs, Web3, and blockchain.
Through NASBA-approved CPE courses, on-demand video tutorials, live expert discussions, and a rich library of resources, we empower our community with the knowledge and tools needed to navigate the dynamic landscape of digital assets confidently.
We are proud to foster an environment that celebrates choice and collaboration. Embracing a diverse ecosystem of partners allows our community members to explore a variety of tools and resources, ensuring they find the best fit for their unique needs.
Our goal is to empower you with options, not limitations, enhancing your journey in the Web3 finance landscape. In this pivotal moment for Web3 finance, the opportunity for tax and accounting professionals is unparalleled.
With a rapidly expanding market, the increasing acceptance and adoption of cryptocurrencies, and the evolving regulatory landscape, the need for specialized knowledge in crypto tax preparation and accounting has never been greater.
At CryptoCFOs, we equip our members to capitalize on these trends, offering a platform that encourages learning, exploration, as well as the support and perspective of professionals on a global level.
Co-Founder, CryptoCFOs
Taylor Zork is a CPA with a specialized focus on the crypto industry. Since 2018, Taylor has been a pioneering figure in the crypto accounting space, addressing the unique accounting challenges presented by crypto and DeFi protocols.
His journey has seen him serve as the CFO for multiple crypto startups, including Trustswap. Under his leadership, Trustswap evolved from offering audited smart contracts for token and liquidity locks to becoming a launchpad, an NFT marketplace, and acquiring The Crypto App, a portfolio tracker with millions of downloads.
Taylor's passion lies in applying "Accounting Theory" to solve new challenges in the crypto industry. With his deep industry experience and commitment to education, Taylor is leading the way in shaping the future of crypto accounting. As the founder of CryptoCFOs, he is dedicated to driving the platform's success and making a significant impact in the crypto accounting field.
Additionally,
Taylor is the CEO and Co-Founder of the CryptoCFOs community which is the premiere education and networking platform for tax and accounting professionals working in or entering the digital assets space/ Join professionals from over 34 countries: https://cryptocfos.com/
He is the author of Accounting for Crypto Assets: Accountants, Tax Professionals and Investors Guide to Blockchain, DeFi, NFTs, & more. Available here: https://a.co/d/5U7pYRz
He is the host of From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets Available here: https://cryptocfos.transistor.fm/
Senior Manager, FORVIS
Nik Fahrer is a Senior Manager at FORVIS with over nine years of experience in public accounting and consulting, primarily focusing on the burgeoning field of digital assets. Currently leading FORVIS' Digital Asset practice, one of the top eight largest CPA firms in the U.S., Nik brings a well-rounded expertise that spans tax, audit, and consulting.
His significant contributions to the industry include being a published author on Bloomberg and an active member of the AICPA Digital Asset Tax Task Force as well as a respected Thought Leader in the CryptoCFOs Community. Nik's insights into the digital asset space are highly sought after, particularly for their practical implications on tax strategies and compliance frameworks. His work helps organizations navigate the complex landscape of cryptocurrencies and blockchain technology, ensuring they remain on the forefront of innovation and regulatory compliance.
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Instructional Method
Pre-requisites
Advance Preparation
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 maintenance 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.
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.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
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This presentation should have a prerequisitive to digital asset basics
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