Idaho Society of CPAs

Cryptocurrency Taxation: Nuts, Bolts and Tax Law Updates - Virtual Experience

Register Now
  • Date/Time
    • Dec 13, 2024
    • Sign In: 9:30am (MT)
    • Program: 10:00am - 12:00pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA / WASCPA Webinar, ID 00000
  • Credits
    • 2.00
  • Credit Type(s)
    • Taxation (2.00)
  • Prerequisites

    • None

  • Vendor
    • Washington Society of CPAs
  • Level
    • Basic
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience

Description

46 million Americans now own bitcoin. Yet, few tax professionals understand how to help individuals and businesses dealing with digital assets like cryptocurrency & NFTs. This session walks you through the tax implications of common cryptocurrency-related transactions and how to successfully service clients dealing in digital assets. We will also cover current developments surrounding this topic, such as the updated version of the digital assets question on Form 1040, funds locked in insolvent exchanges, the tax treatment for digital assets which have substantially impaired in value (Luna), tax notices (CP2000, Letter 6173, Letter 6174 & Letter 6174-A), and tax planning opportunities.

Designed For

Firm leaders, owners, managing partners, IT managers

Objectives

When you complete this course, you will:
  • Learn what cryptocurrencies are and their use cases
  • Understand how to safely interact with cryptocurrency & NFTs (buying, selling & storing)
  • Understand the tax implications of investing in cryptocurrency, running a mining operation, using NFTs, and using cryptocurrency as a payment method
  • Recognize challenges in dealing with cryptocurrency-related clients
  • Apply tax planning opportunities
  • Serve clients with cryptocurrency transactions using a tool like CoinTracker.com

Highlights

  • Cryptocurrency
  • NFt's.

Advanced Prep

  • Manual will be available to download in the meeting room
  • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar

    • Register Now

    Leaders

    Shehan Chandrasekera

    Shehan Chandrasekera, CPA CoinTracker Head of Tax Strategy shehan@cointracker.io (415) 295-8153

    Shehan is one of the handful of CPAs in the country who is recognized as a real-world operator and a conceptual subject matter expert on cryptocurrency taxation. He is the Head of Tax Strategy at CoinTracker, a Forbes Tax Contributor, and a CPE instructor who has won multiple awards: 2020 & 2019 CPA Practice Advisor 40 under 40 accounting professionals, Outstanding Young CPA of the year, Rising Star of Texas & Among 21 accountants mentioned on Accounting Today who will be helping shape (and reshape) accounting in 2020 and beyond by Accounting Today. Shehan is a renowned speaker who has performed speaking engagements with many organizations, including Google, Coinbase, Lyft, AICPA, American Bar Association, and State CPA Societies.

    ← Back to List