76. Cryptocurrency | Webinar
- Course Description
This course will provide an understanding of the terminology and various actions available in the cryptocurrency environment such as blockchain, soft and hard fork, mining, non-fungible token (NFT), etc. and their application in tax law. The second session will look at the various IRS guidance such as Notice 2014-21 and Rev. Rul. 2019-24 as well as subsequent actions. We will also look at the tax implications as the result of the failure of a cryptocurrency firm. In our final session we will address new issues raised by the Infrastructure Investment and Jobs Act dealing with the reporting by brokers under Sec. 6045, Returns of brokers, and Sec. 6045A, Information required in connection with transfers of covered securities to brokers starting in 2023.
- Learning Objectives
At the completion of the course, the participants will have a better understanding of:
The terminology used in the cryptocurrency environment
The various actions to be found in the cryptocurrency environment and their impact on the individuals’ or business’ tax planning
The tax implications of cryptocurrency transactions and the reporting requirements
The IRS interpretation of cryptocurrency actions and their applicability to tax law
The requirements by the reporting agents under current tax law
The best practices to be considered in the reporting of a client’s cryptocurrency activities
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Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.
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Your certificate will be emailed to you within 10 business days of the completion of the course.
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