Tax, Estate and Financial Aspects of Cryptocurrency

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.
 

Highlights

• 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 

Prerequisites

None

Designed For

CPAs, EAs, finance professionals, financial planners, attorneys

Objectives

• To discuss tax aspects of cryptocurrency from a federal compliance standpoint

Preparation

None