The Tax Aspects of Cryptocurrency

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Cryptocurrency can be a very confusing issue for a client in both compliance and in planning.  This course will assist the practitioner in understanding the tax aspects of cryptocurrency from a Federal compliance standpoint.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

 

 

Basic Course Information

Major Subjects

• Introduction to cryptocurrency
• Understanding the term “blockchain”
• Various types of cryptocurrency
• Why cryptocurrency is popular
• Investment attributes of cryptocurrency
• Tax aspects of cryptocurrency
• Position of the Internal Revenue Service
• Understanding Notice 2014-21 (IRS Virtual Currency Guidance)
• Understanding Notice 2014-21 FAQs
• Compliance issues
• Charitable issues
• Internal Revenue Service enforcement 

Learning Objectives

• To provide tax practitioners with an understanding of the tax aspects of cryptocurrency from a Federal compliance standpoint.