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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
What is the cryptocurrency
tax rate?
What factors affect the tax rate?
How does it differ for mining vs. trading crypto?
Anytime a
taxable event affects your cryptocurrency investments, you are obligated to
report these on your taxes.
What constitutes a taxable event?
As virtual currency becomes more and more popular,
practitioners need to have a firm grasp on how to properly report these transactions.
The IRS is also increasing its criminal investigations in the
realm of cryptocurrency. This puts a lot of pressure on practitioners to get
these transactions right.
Cryptocurrency is considered "property" for federal
income tax purposes, meaning the IRS treats it
as a capital asset. This means the crypto taxes you pay are the same as the
taxes you might owe when realizing a gain or loss on the sale or exchange of a
capital asset.
This CPE webinar
will look at the ins and outs of cryptocurrency taxation.
In this CPE Tax course, the speaker will walk through the most common
forms of virtual and cryptocurrency transactions and how the IRS currently
treats those transactions.
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 through its website: www.NASBARegistry.org.
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.
Certified Public Accountant (CPA), Nicholas Preusch
Nicholas has worked with the Internal Revenue Service as a
Revenue Agent and an Attorney with the IRS Office of Professional
Responsibility. Nicholas has authored publications for the AICPA’s Journal of
Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of
Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer
Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas
has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of
the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor
at the University of Mary Washington. He is a graduate of Carthage College,
University of Connecticut (M.S. in Accounting), Case Western Reserve University
School of Law (J.D.), and Georgetown University (LLM in Taxation).
37 Ratings
TM
May 18th, 2022
I appreciated his experience and the examples that he gave that made things more clear. Thanks!
CT
Dec 22nd, 2021
This was not a topic I had any knowledge of and yet I felt I had a solid connection by the end. Great presentation.
JGT
Dec 22nd, 2021
Very good presentation.
1 Credit
Subject Area
May 23, 2022 | 09:30 AM EDT
May 23, 2022 | 09:30 AM EDT
May 23, 2022 | 10:00 AM EDT
May 23, 2022 | 10:00 AM EDT
May 23, 2022 | 10:00 AM EDT
May 23, 2022 | 10:00 AM EDT
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