Tax Implications of Cryptocurrency (v23) – Video Self Study Course

Course Description

As cryptocurrency becomes more prevalent in our lives today, we must learn about the different implications that we might see as tax practitioners. This course is ideal for CPAs, EAs and other tax professionals.

NOTE - This is a Video Self-Study Course

Learning Objectives

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

• Discuss what constitutes blockchain and the various types of cryptocurrency it supports
• Determine whether a cryptocurrency transaction creates a taxable event
• Be able to identify the IRS forms needed to report cryptocurrency transactions
• Develop a working knowledge of possible reports due to other regulatory agencies
• Discuss the traps that cryptocurrency traders can encounter which could unexpectedly increase the trader's tax liability
• Become knowledgeable of current enforcement actions employed by the IRS

CPE Credits: 2 CPE for CPAs, EAs and other tax preparers

Level: Intermediate

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: March 21, 2023