2026 Tax Implications of Cryptocurrency (GIB)

Description

This course presents an overview of blockchain and the tax implication of cryptocurrency transactions. The IRS has provided some recent guidance, but potentially conflicting pronouncements by other regulatory agencies have created uncertainty on reporting issues. This course will help the practitioner understand when a taxable transaction has occurred, what reports to file to satisfy IRS requirements, and identify tax traps for the unwary.

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

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

A course evaluation form is provided for your feedback. Participants have 1 year from the date of purchase/enrollment to complete this course.

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/