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.

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, financial planners, attorneys

Objectives

At the end of this course, you will be able to: To discuss tax aspects of cryptocurrency from a federal compliance standpoint

Notice

Approved for EA Credits