Taxes on Cryptocurrency & Digital Assets with Latest IRS Guidance

4.7 (842)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

Thursday, April 08, 2021 | 03:00 PM EDT

  • CFP
  • CPA
  • CVA
  • EA
  • Tax Professional
  • PFS
  • CFE

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for CPA/PFS

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Tax Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 290006)

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

1 CE credit of Federal Tax for Maryland Tax Preparers

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

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

understand salt compliance, economic nexus, wayfair case in the new era of e-commerce

(13)

Mar 18, 2021 | 03:00 PM EDT View Details

how non-profit endowment funds work: donor interest, organizational policies and trends

(50)

Mar 30, 2021 | 11:30 AM EDT View Details

qbo for accountants -tips and tricks course

(30)

Apr 12, 2021 | 09:00 AM EDT View Details

excel accountant: quickbooks analysis part 1

(6)

Apr 12, 2021 | 09:30 AM EDT View Details

debt forgiveness and section 108

(351)

Apr 12, 2021 | 09:30 AM EDT View Details

irc 199a: 2 years in – key overlooked planning initiatives

(9)

Apr 12, 2021 | 09:30 AM EDT View Details

legal and financial planning strategies for immigrants in the us

(77)

Apr 12, 2021 | 10:00 AM EDT View Details

accounting & auditing in a covid world

(22)

Apr 12, 2021 | 10:00 AM EDT View Details

applying the dynamic nature of the coso framework

(10)

Apr 12, 2021 | 10:00 AM EDT View Details

comprehensive review of costing best practices

(5)

Apr 12, 2021 | 10:00 AM EDT View Details

corporate external financial reporting decisions

(37)

Apr 12, 2021 | 10:00 AM EDT View Details

fraud update - latest

(46)

Apr 12, 2021 | 10:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(84)

Apr 12, 2021 | 10:00 AM EDT View Details

elder care planning in 2020: the cpa as a key figure

(283)

Apr 12, 2021 | 11:00 AM EDT View Details

annual federal tax update - individuals (form 1040)

(220)

Apr 12, 2021 | 08:00 AM PDT View Details

Additional Dates

Apr 14, 2021 | 12:00 PM EDT Register

Course Description

Blockchain technology and cryptocurrencies such as bitcoin and ether are two trending topics in the fin-tech world. Yet, few business professionals can grasp the intricacies, opportunities, and challenges posed by this new technology. Millions of crypto traders are searching daily for tax professionals with expert knowledge of crypto taxation. This free CPE webinar provides you with the up to date training and answers you need to ad crypto tax prep to your practice.

Average return fees are 400% higher for crypto returns. A limited supply of crypto tax experts = more clients for you!

This one hour webinar will answer the following questions : 

  • What block-chain is? 
  • What you can do with it?
  • How to treat the tax returns of your clients who are active in the cryptocurrency market?
  • What is “cryptocurrency” (i.e., Bitcoin)?
  • How the U.S. federal tax system treats common property dispositions and how those rules relate to analogs in cryptocurrency. 

This session also covers current developments surrounding this topic, and especially on how to successfully navigate through tax notices such as :

  • CP200
  • Letter 6173
  • Letter 6174
  • Letter 6174-A

This webinar should prepare you to take on clients in block-chain businesses as well as ensure that you understand the full compliance measures to give tax advice and complete tax returns for any cryptocurrency use situation by your clients.

Learning Objectives

  • To identify the history of cryptocurrencies and the block-chain
  • To recognize how the blockchain technology works, why it is important and how it differes from existing technology
  • Recognize the tax ramifications of crypto transactions (Investors, miners, Payer/Payee, Like Kind Exchange, Charitable Contributions & Initial Coin Offerings)
  • Interpret the guidance from the IRS and cryptocurrency taxation
  • Identify applicable Information reporting requirements

Who Should Attend?

  • Accountant
  • Accounting Firm
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

4.7

(842)
72%
24%
4%
0%
0%

VS

New and Interesting

AL

great overview of this new emerging topic. well done

BG

Learned about the basis & had a client drop off a tax return with bitcoin & a few other virtual currency. Was able to explain about calculating her basisl

JT

Jason is the best

MB

Great speaker.

JP

Interesting topic