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Learning

Cryptocurrency Taxation: Nuts, Bolts and Tax Law Updates

Transformation Area
Accounting Transformation
Self-Study
Tax Transformation

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$100
In this self-study course, you will learn about blockchain technology and cryptocurrencies such as bitcoin and ether, as well as how to navigate through tax notices and tax planning opportunities.

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Offered By:

Duration

2 Hour

Skill

All Levels

Assessment

Yes

Content Type

Self-Study

Course Overview

Cryptocurrency Taxation: Nuts, Bolts, and Tax Law Updates

This online self-study course will cover blockchain technology and cryptocurrencies such as bitcoin and ether are two trending topics in the fin-tech world. Yet, few business professionals can grasp the intricacies, opportunities and challenges posed by this new technology. This session intends to give you a high-level, non-technological understanding of the history of cryptocurrencies and the taxation of common cryptocurrency related transactions. This session also covers current developments surrounding this topic such as the inclusion of the virtual currency question on the front of Form 1040, how to successfully navigate through tax notices (CP2000, Letter 6173, Letter 6174 & Letter 6174-A) and tax planning opportunities.

 

After completion of this course, participants will be able to:

  • Determine how Cryptocurrency investors are taxed.
  • Identify the correct tax form for Cryptocurrency
  • Identify the different types of Cryptocurrency transactions
  • Distinguish tax planning opportunities for Cryptocurrency

 

Author: Shehan Chandrasekera, CPA
Intended Audience: Tax practitioners within CPA Firms
CPE credits: 2
Field of Study: Tax
Prerequisite(s): None
Program Level Knowledge: Basic
Course Delivery Method: QAS Self study

 

 

ADDITIONAL INFORMATION:

No advanced preparation needed to attend this course. No prerequisite knowledge is required to be successful in this course.

 

EARNING CPE:

For online programs, including self-study, participants must receive a passing score of 75% or above on the course assessment exam. Upon successful completion, CPE certificates will be emailed to the address used to register for the course.

 

REFUND POLICY:

For all programs (i.e., group live events, virtual webinars, and online programs), all sales are considered final unless the program has been cancelled (refer to PROGRAM CANCELLATION POLICY). Refunds are not issued if attendees fail to attend or do not complete the required actions to earn CPE credits (e.g., complete all required attendance checks during a webinar).

  • To receive a full refund, registrant cancellations must be made 10 business days prior to the presentation date. There is a 20% administrative fee for cancellations received within less than 10 business days.
  • No refund will be issued for registrant cancellations received within one business day of the presentation. You may instead provide a substitute attendee.
  • No refund will be made in the case of a no-show registrant.

COMPLAINT RESOLUTION POLICY:

The Center for Accounting Transformation is committed to complete customer satisfaction. It is our desire to fully meet or exceed client and participant expectations. However, if for any reason participants believe that their program needs were not met, please email us at help@improvetheworld.net and we will discuss your options for rectifying the situation.

 

For more information regarding administrative policies such as complaints and refunds, please contact us at help@improvetheworld.net.

 

PROGRAM REGISTRATION:

To register: Go to www.improvetheworld.net and follow the steps:

  • Click on “Learning Center” then “View our courses”
  • You may either type in the name of the course, or scroll down and select “Self study” under “Learning Type”.
  • Once you find the course you want to register for, click on “Learn More”
  • Click on “Access this course” to add this course to your cart.

 

 

Course publication 2021. Reviewed and revised January 2023. 

 

 

The Center for Accounting Transformation 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.

 

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

 

 

 

Learning Objectives

  • Determine how Cryptocurrency investors are taxed.
  • Identify the correct tax form for Cryptocurrency
  • Identify the different types of Cryptocurrency transactions
  • Distinguish tax planning opportunities for Cryptocurrency

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