myCPE
myCPE

Understand DeFi and Digital Asset Taxation 2 Credits

Aug 23, 2024, 12:30 PM ET

Understand DeFi and Digital Asset Taxation 2 Credits

Learning mode

Live Webinar
  • 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
Aug 23, 2024, 12:30 PM ET

Learning Objective

  • To explore intricate cryptocurrency activities like mining, staking, forks, airdrops, DeFi swaps, yield farming, liquidity pools, NFTs, and gaming for effective tax management.
  • To apply existing tax laws and code sections to accurately report cryptocurrency activities and maintain compliance.
  • To develop practical skills to extract transaction data directly from blockchain networks, ensuring transparency and accuracy.
  • To know how to utilize tools and resources to simplify tracking and reporting of cryptocurrency transactions for efficient tax compliance.
  • To emphasize the importance of ethical tax reporting and compliance with legal standards in cryptocurrency taxation to maintain professionalism and adhere to regulatory guidelines.

Course Overview

In the ever-evolving world of cryptocurrency, navigating the intricacies of taxation has become increasingly challenging, especially in the case of more complex activities such as mining, staking, forks, airdrops, DeFi swaps, yield farming, liquidity pools, NFTs, and gaming. This comprehensive course takes a deep dive into these complex facets of crypto taxation, providing participants with the insights and knowledge needed to tackle even the most intricate scenarios.

One of the primary challenges in this space is the lack of clear guidance, leaving many cryptocurrency users unsure about their tax obligations. This CPE Webinar will explore existing code sections and regulations, shedding light on how to best apply them to various cryptocurrency situations. This course ensures that participants can navigate the often confusing world of crypto taxation with confidence.

Moreover, we will delve into the fascinating realm of using the blockchain itself as a tool to extract transaction data, providing a hands-on approach to understanding and managing your cryptocurrency transactions. Additionally, we'll introduce participants to valuable tools and resources that can streamline the process of tracking and reporting cryptocurrency activities, making compliance with tax regulations more efficient and less daunting.

Key Topics covered in this course:

  • Taxation of Digital Assets and NFTs in Form 1040
  • Contrasting CeFI and DeFI in Financial Systems
  • Case Studies: Bitcoin Cash, Airdrops, and NFTs
  • Exploring Liquidity Pools and GameFi Transactions
  • Analyzing LUNA and UST Price Dynamics

Join this CE Tax Course as we demystify the complexities of crypto taxation, empowering you to make informed decisions and stay compliant in this dynamic digital landscape.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credits

2

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.

About Instructor

Matthew Metras
Matthew Metras

Owner, MDM Financial Services

  • 4.7
  • rating
  • rating
  • rating
  • rating
  • rating

MDM Financial Services is a family owned and operated tax preparation service with over 45 years of taxation experience. From father to son, the Metras family has brought integrity and clarification to the entire tax process for small businesses and individuals throughout the country. MDM works with a variety of businesses and is familiar with many common concerns that surface around tax season. Our knowledge base is heavy in small business operations and ways to alleviate the stress so often the norm when filing tax returns each year.

At MDM, our mission is to help you understand your taxes and give you confidence in the entire process. In economic times such as we have, small businesses have enough on their plates. Let us handle the stress of taxes while you worry about the day to day running of your business. MDM offers small business bookkeeping too! Leave more time for yourself, and let us balance your books.

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

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

MG

Mayank Gupta, CPA (US)

To be honest if this topic would have been covered over 10 or 15 hr of video sessions would have been great. Mentor was super good in explain his topic, would love to learn more from him. Thank you!!

HIG

Hugo I Granda, EA

Teacher was awesome. I am a basic student about Crypto but the webinar was clear and allow me to understand not only the basics but grow a desire to keep learning more about digital assets.

Recommended Courses

Passive Activities & Rental Real Estate Income Tax Issues

Dec 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)

Dec 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Everything You Need to Know About Partnership

Dec 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Payroll Regulations, Laws, Common Pitfalls, and Recordkeeping Requirements

Dec 16, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
A Simple Approach & Overview to Virtual Currency

Dec 16, 10:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
2024 Year-End Strategies: Smooth Sailing into 2025!

Dec 16, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • 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

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Ellen purchased a subscription.
Subscribed
Macaroy purchased a subscription.
Subscribed
Kevin purchased a subscription.
Subscribed
Kevin purchased a subscription.
Subscribed
Susanne purchased a subscription.
Subscribed
Eric purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Mukta purchased a subscription.
Subscribed
Aracelis purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Emily purchased a subscription.
Subscribed
Mercedes purchased a subscription.
Subscribed
Felicia purchased a subscription.
Subscribed
Frank purchased a subscription.
Subscribed
Linglin purchased a subscription.
Subscribed
Anna purchased a subscription.
Subscribed
Mike purchased a subscription.
Subscribed
Diane purchased a subscription.
Subscribed
Scott purchased a subscription.
Subscribed
Steve purchased a subscription.
Subscribed
Ashley purchased a subscription.
Subscribed
Patrick purchased a subscription.
Subscribed
Frederic purchased a subscription.
Subscribed
Jackson purchased a subscription.
Subscribed
Gray purchased a subscription.
Subscribed
Ye Yuan purchased a subscription.
Subscribed
Patricia purchased a subscription.
Subscribed
Tim purchased a subscription.
Subscribed
Ryan purchased a subscription.
Subscribed
Araya purchased a subscription.
Subscribed
Scott purchased a subscription.
Subscribed
Helen purchased a subscription.
Subscribed
Jean purchased a subscription.
Subscribed
Irfan purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
BRYON purchased a subscription.
Subscribed
JINSHU purchased a subscription.
Subscribed
Xiaobing purchased a subscription.
Subscribed
Yazen purchased a subscription.
Subscribed
Hoai Thuong purchased a subscription.
Subscribed
Patrice purchased a subscription.
Subscribed
Hesilati purchased a subscription.
Subscribed
Nancy purchased a subscription.
Subscribed
Samuel purchased a subscription.
Subscribed
Archana purchased a subscription.
Subscribed
Katharina purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
Greg purchased a subscription.
Subscribed
Linda purchased a subscription.
Subscribed
Luke purchased a subscription.
Subscribed
Ka Ki purchased a subscription.
Subscribed
Tim purchased a subscription.
Subscribed
Megan purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
arnold purchased a subscription.
Subscribed
Amanda purchased a subscription.
Subscribed
Peter purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Sean purchased a subscription.
Subscribed
Ebenezer purchased a subscription.
Subscribed
JESSICA purchased a subscription.
Subscribed
Patrick purchased a subscription.
Subscribed
Staci purchased a subscription.
Subscribed
Stephanie purchased a subscription.
Subscribed
Andrea purchased a subscription.
Subscribed
Samuel purchased a subscription.
Subscribed
Jenna purchased a subscription.
Subscribed
Steve purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Eric purchased a subscription.
Subscribed
Melissa purchased a subscription.
Subscribed
Connie purchased a subscription.
Subscribed
Joanne purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Maria purchased a subscription.
Subscribed
MINGYANG purchased a subscription.
Subscribed
Julie purchased a subscription.
Subscribed
Tamara purchased a subscription.
Subscribed
Jonathan purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Hui purchased a subscription.
Subscribed
Yingqiu purchased a subscription.
Subscribed
Holly purchased a subscription.
Subscribed
MATTHEW purchased a subscription.
Subscribed
Wendy purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Kevin purchased a subscription.
Subscribed
megan purchased a subscription.
Subscribed
Rafal purchased a subscription.
Subscribed
Estela purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Davis purchased a subscription.
Subscribed
Kevin purchased a subscription.
Subscribed
Nina purchased a subscription.
Subscribed
KAREN purchased a subscription.