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.

Who should Attend:  This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs,  Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency.  All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar.

Program Content:
· Blockchain basics
· Classification of cryptocurrency
· IRS Notice 2014-12
· Tax implications of airdrops, mining, hard forks, margin trading, purchasing of goods or services with cryptocurrency.
· Gift tax rules for donating, gifting or bequeathing cryptocurrency.
· Traps for the unwary.

Learning objectives:  By the end of the course, the participant should be able to:
1. 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.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

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