TAXES ON CRYPTOCURRENCY & DIGITAL ASSETS WITH LATEST IRS GUIDANCE

4.7 (643)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

  • CPA
  • EA
  • CTEC
  • TAX PROS
  • PFS
  • AFSP

Credits: 1 CPE | 1 CE

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) for Personal Financial Specialists (PFS)

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

1 CE credit of Federal Tax for Maryland Tax Preparers

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

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

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Before starting this self study program, please go through the instructional document.

Overview

  • What is Cryptocurrency?1 mins
  • What is Anonymity?10 mins
  • Reporting21 mins
  • Mining Bitcoin30 mins
  • Compliance Notes39 mins
  • More About Exchanges46 mins

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
  • To recognize the tax ramifications of crypto transactions (Investors, miners, Payer/Payee, Like Kind Exchange, Charitable Contributions & Initial Coin Offerings)
  • To interpret the guidance from the IRS and cryptocurrency taxation
  • To identify applicable Information reporting requirements

Who Should Attend?

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

Testimonial

4.7

(643)
73%
23%
4%
0%
0%

VS

Great course

TA

Very usefully webinar! Blended background information on Cryptocurrency and IRS's emerging handling of this new asset. from my point of view I wish the webinar was 2 hours. Jason did a great job.

NL

Very Informative and update with the IRS compliances.

AG

Very informative presentation, thank you!!!

KR

*

DC

Great instructor.