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Accounting & Tax implications of virtual currency

  • AFSP
  • CPA (US)
  • CFA
  • EA
  • Tax Preparer
  • CTEC
  • CIPM
Accounting & Tax implications of virtual currency

1 Credit

$20

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00584-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0558)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 PL credit for Certificate in Investment Performance Measurement (CFA Institute)

1 PL credit for Chartered Financial Analyst (CFAs)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00584-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00584-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

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Federal Tax Update – Individual & Business Current Developments

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IRS Form 1099 Reporting Req. including updates on FORM 1099-NEC (LATEST 2021)

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This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description

What is used for buying, selling, and investing and is untraceable, anonymous, and technologically confusing?

The answer uses different terms, but mean basically the same thing: cryptocurrency, virtual currency, digital currency, and crypto coin.

All describe a relatively new medium of economic exchange used for buying, selling, exchanging, and investing

It's a brave new cyber world that we live in, one where virtual currency exists to exchange and pay for things globally. Certainly, this throws a whole new monkey wrench into basic accounting platforms and raises a few questions. How is cryptocurrency handled by a bookkeeper, and just what in the world is it anyway?

Virtual currency is a hot topic for both accounting and tax purposes. This online continuing education course will take a look at the accounting issues being raised as well as the recommendations from an AICPA task force. The FASB itself has not yet weighed into the accounting for digital assets or cryptocurrency so the AICPA has provided nonauthoritative guidance to assist preparers and auditors, which you should understand.

In this online CPE/CE course we will also switch gears and address some of the tax issues. Similarly, virtual currency is an emerging area from a tax perspective. At the end of this online CPE course, attendees will have a strong understanding of the nuances of digital currency from both perspectives.

Key topics covered in this online CPE/CE webinar:

  • Accounting for Cryptocurrency.
  • Accounting for sale of Digital Asset.
  • Tax implications of CryptoCurrency.


Click for more webinars on | Accounting & Auditing |Tax Updates |

Learning Objectives

  • To identify situations where a tax gain/loss on virtual currency is recognized
  • To describe how basis is calculated on virtual currency
  • To recall nonauthoritative guidance to account for virtual currency

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

4.7

(7)
71%
29%
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HG

It is a fast pace lecture. It gives you a general idea what the subject is about. If you need to grasp more of it probably you will have to do more work afterward: spent more time in the subject or learn on your own.