The Tax Aspects of Cryptocurrency

Friday, May 13, 2022
Webcast or Webinar, Online
10:00AM - 11:55AM (opens at 9:30 AM) EST
2Credits
Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
Course Type: Webcast
Course Code: 22/AC451126
Level: Basic
Vendor: ACPEN
Field of Study: Taxes

Overview:

Cryptocurrency can be a very confusing issue for a client in both compliance and in planning.  This course will assist the practitioner in understanding the tax aspects of cryptocurrency from a Federal compliance standpoint.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

 

 

Objectives:

  • To provide tax practitioners with an understanding of the tax aspects of cryptocurrency from a Federal compliance standpoint.  

Major Topics:

  • Introduction to cryptocurrency
  • Understanding the term “blockchain”
  • Various types of cryptocurrency
  • Why cryptocurrency is popular
  • Investment attributes of cryptocurrency
  • Tax aspects of cryptocurrency
  • Position of the Internal Revenue Service
  • Understanding Notice 2014-21 (IRS Virtual Currency Guidance)
  • Understanding Notice 2014-21 FAQs
  • Compliance issues
  • Charitable issues
  • Internal Revenue Service enforcement 

Major Topics:

  • Introduction to cryptocurrency
  • Understanding the term “blockchain”
  • Various types of cryptocurrency
  • Why cryptocurrency is popular
  • Investment attributes of cryptocurrency
  • Tax aspects of cryptocurrency
  • Position of the Internal Revenue Service
  • Understanding Notice 2014-21 (IRS Virtual Currency Guidance)
  • Understanding Notice 2014-21 FAQs
  • Compliance issues
  • Charitable issues
  • Internal Revenue Service enforcement 

Designed For:

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Prerequisties:

None