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.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
DESIGNED FOR
CPAs, EAs, attorneys, financial planners, insurance agents, and bankers
BENEFITS
- To provide tax practitioners with an understanding of the tax aspects of cryptocurrency from a Federal compliance
HIGHLIGHTS
- Introduction to cryptocurrency
- Understanding the term
- Various types of cryptocurrency
- 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 issue
- Charitable issues
- Internal Revenue Service enforcement
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).