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: While watching the Course or after the Video answer the exam questions below Clicking on the Certificate link will show the course as 100% Complete
A course evaluation form is provided for your feedback and 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/
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