Taxation of Cryptocurrency - Part 2
- Registration Closed
This course will analyze the tax requirements laid down by Revenue Ruling 2019-24, Online FAQs, and Chief Counsel Memos, as well as the new reporting requirements from the Infrastructure and Investment Jobs Act. We’ll then move into how to apply the various rules and regs to real world situations, such as selling, trading, earning, mining, donating, inheriting, etc. 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:
- Analyze Revenue Ruling 2019-24, Online FAQs, and Chief Counsel Memos
- Understand Infrastructure Act crypto requirements
- Utilize IRS regulations for client situations: selling, trading, earning, mining crypto, interest, dividends, contributions, gifts, inheritances, initial coin offerings
- Differentiate situations covered by regulations from those that are not covered
- Engage in Best Practices for crypto clients
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Federal Tax Law
CTEC CE: 2 Hours/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.
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.