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Nuts & Bolts of Crypto Taxation & New Law Update

4.4 (98)

Shehan Chandrasekera, CPA

JAG CPAs & Co

Wednesday, May 13, 2020 | 02:30 PM EDT

  • CPA
  • EA

1 Credit

$10

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] => 98
    [average] => 4.3673
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4.4

(98)
50%
39%
10%
0%
1%

TG

I haven just started using myCPE. The courses are convenient to me and attractively priced, and I like the integration between the courses and the reporting.

TT

I thought the program content was incredibly relevant and one of the best training I have received. It's great to learn from the instructors that are passionate about what they are doing for the industry.

JS

I learned a lot and it was very interactive. We were given real time scenarios and were able to show how the things we were learning could be applied. Excellent insights on Cryptocurrency taxation.

TB

I really like the online learning from myCPE. The online grading is a very handy and easy system for picking up additional CPE hours and also it is very flexible.

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

JB

The instructor did an exceptional job with the presentation. He engaged us well and kept things interesting. He seemed very knowledgeable in the field of digital currency taxation and I felt like I learned a lot in the program.