Taxation of Non-fungible Tokens (NFTs)
Monday, May 13, 2024
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: 24/AC483479
Level: Basic
Vendor: ACPEN
Field of Study: Taxes
Overview:
Non-fungible Tokens (NFTs), unique, identifiable digital assets based on blockchain technologies, have become a fast-growing industry. This course will provide a background on how NFTs came into the mainstream marketplace. These materials will assist the practitioner to understand the tax implications of the creation, purchase and sale of these assets.
**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:
- Be able to define NFTs and describe how they are created
- Develop a working knowledge of how NFTs are recorded and transferred
- Determine what type of transaction involving an NFT creates a taxable event
- Be able to identify how NFTs are classified
- Discuss the current legislative environment and actions taken to regulate NFTs.
- Become knowledgeable of current enforcement actions employed by the IRS.
Major Topics:
- NFT basics
- Classification of NFTs
- Current Legislative and Policy Environment
- Tax implications of creation, sales and exchanges of NFTs.
Major Topics:
- NFT basics
- Classification of NFTs
- Current Legislative and Policy Environment
- Tax implications of creation, sales and exchanges of NFTs.