COURSE
Tax Implications of Cryptocurrency
This course presents an overview of blockchain and the tax implication of cryptocurrency transactions.
US$65
3 HOURS
Description
This course presents an overview of blockchain and the tax implication of cryptocurrency transactions. The IRS has provided some recent guidance, but potentially conflicting pronouncements by other regulatory agencies have created uncertainty on reporting issues. This course will help the practitioner understand when a taxable transaction has occurred, what reports to file to satisfy IRS requirements, and identify tax traps for the unwary.
Who should Attend: This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys, and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency. All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar.
Program Content:
· Blockchain basics
· Classification of cryptocurrency
· IRS Notice 2014-12
· Tax implications of airdrops, mining, hard forks, margin trading, purchasing of goods or services with cryptocurrency.
· Gift tax rules for donating, gifting, or bequeathing cryptocurrency.
· Traps for the unwary.
Field of Study: Taxes
What you will learn?
Describe what constitutes blockchain and the various types of cryptocurrency it supports
Recognize how to determine whether a cryptocurrency transaction creates a taxable event
Identify the IRS forms needed to report cryptocurrency transactions
Recognize how to develop a working knowledge of possible reports due to other regulatory agencies
Recognize the traps that cryptocurrency traders can encounter which could unexpectedly increase the trader's tax liability
Identify current enforcement actions employed by the IRS
Describe cryptocurrency and when it was created
Recognize how the IRS classifies cryptocurrency
Duration
3
hours
Certificate
Available
Level
Beginner
Prerequisites
No
Preparation
No
Access
One year
Price
US$65
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Features
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Curriculum
3
hours
1
Guide
|
2
Quiz
|
1
Video
Curriculum
1
Guide
2
Quiz
1
Video
3
hours
guide
Section 1.
Video
115
m
Tax Implications of Cryptocurrency
Quiz
Review Questions
Section 2. Final Exam-Part1
Quiz
Final Exam
Learn from the best
Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas.
She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studi...
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Course
Tax Implications of Cryptocurrency
This course presents an overview of blockchain and the tax implication of cryptocurrency transactions.
Format:
Online
Level:
Beginner
Certificate:
Available
Duration:
3
hours
TOTAL
US$65
You’ll be charged this price and get immediate
access to all learning materials. Taxes are calculated at checkout.
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