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Crypto II – Applying Tax Rules to Crypto

Recorded On: 01/11/2023

  • Registration Closed

This course will teach you how to apply the various rules and regs we reviewed in Part I to real world situations, such as selling, trading, earning, mining, donating, inheriting, gifting, investing in initial offerings, etc. Tax options for reporting losses from various types of scams and schemes are also an important topic, particularly this year. We’ll also discuss situations for which we do not yet have IRS guidance. We’ll finish with a discussion of Best Practices for your office to implement when dealing with cryptocurrency clients.

Learning Objectives

At the end of this course, you will be able to:

  • Utilize IRS regulations for client situations: selling, trading, earning, mining crypto, interest, dividends, contributions, gifts, inheritances, initial coin offerings
  • Know how to apply possible tax reporting for losses due to scams, theft, rug pulls, etc.
  • Differentiate situations covered by regulations from those that are not covered
  • Engage in Best Practices for crypto clients 

NASBA CE: 1.0 Hour Federal Tax Law
IRS:  1.0 Hour Federal Tax Law
CTEC CE:  0 Hour Federal Tax Law

NSA Webinar Program Level: Basic
Prerequisites: None   
Advance Preparation: None   
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

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Amy M. Wall, EA, MBA

Amy M. Wall, EA, MBA, is recently retired from her private tax practice in Tucson, Arizona, where she worked with individuals, small businesses and S Corporations. Amy now spends her time teaching and writing on taxation. She teaches for several continuing education providers and has been published in a number of tax journals, including NATP’s Tax Pro Journal and Wolters Kluwer Journal of Tax Practice & Procedure. She is the author of Virtual Tax: the taxation of Cryptocurrency; Income Taxes for Real Estate Agents; Divorce and Taxes, and The Parish, a work of fiction about a tax preparer whose nighttime clients aren’t quite what they seem. 

Components visible upon registration.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.