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.
Course ID: TEFAC
Tax, Estate and Financial Aspects of Cryptocurrency
Learning Objectives
- To identify tax aspects of cryptocurrency from a federal compliance standpoint
Major Topics
- Introduction to cryptocurrency
- Understanding the term “blockchain”
- Various types of cryptocurrencies
- 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
Who Should Attend
CPAs, EAs, financial planners, attorneys.
Fields of Study
TaxesPrerequisites
None