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.
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
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.
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.