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Nuts & Bolts of Crypto Taxation & New Law Update

4.3 (82)

Shehan Chandrasekera, CPA

JAG CPAs & Co

Friday, January 24, 2020 | 10:00 AM EDT

  • CPA
  • EA

1 Credit

FREE

Subject Area

Taxes

Upcoming Webinars

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. This one hour webinar will teach you what block-chain is, and what you can do with it (i.e., how to treat the tax returns of your clients who are active in the cryptocurrency market). On the tax side, you will learn what “cryptocurrency” (i.e., Bitcoin) is and what the most popular use cases for cryptocurrency are. You will also learn 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

  • Know the history of cryptocurrencies and the blockchain
  • Know 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?

  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 82
    [average] => 4.3293
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4.3

(82)
49%
38%
12%
0%
1%

CED

The timely subject of Cryptocurrency is presented in a clear and concise. The presenter gave several real world examples of cryptocurrency transactions and how these transactions would be treated for Federal tax purposes.

NP

These webinar by myCPE beat any Webinar I have ever taken! Worth every penny and time which is invested. Thank you myCPE.

WD

I had a great experience looking forward to taking additional webinars. It was a well timed webinars wit lot of crypto clients coming up. The tips presented during the webinar were very helpful.Thank You

AB

It started late during technical difficulties but Shehan did a great job in covering up the time.Thank you for the clear, concise and informative presentation on cryptos.