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Crypto Tax Planning – Beyond the Basics & What Practitioners Need to Know Going Forward
Offered By:
Presenter:
Dr. Sean Stein Smith CPA, CGMA
Learn More About Sean
Transformation Area:
Accounting Transformation
Tax Transformation
Field of Study:
Taxes - T
CPE Credits
2 Hour(s) - CPE Credit(s)
Duration
2 Hour(s)
Prerequisite(s)
None
Level
Basic
Content Type
Group Internet Based
Description
This session will focus on the tax planning and strategy implications that arise when clients and colleagues become more active users of bitcoin and other cryptoassets. Even with price volatility and regulatory ambiguity, there are tax factors that practitioners need to be aware of as usage and adoption of crypto continues to increase. Focused on practical applications and examples around both basic and more advanced crypto tax planning, attendees will leave with actionable business intelligence with which to advise current and future clients. In addition to these practitioner focused insights, pending legislation and possible future tax changes will be put forward and discussed. At the end of the session, resources will be provided for those in attendance looking to learn more.
Objectives
After attending this session, participants will be able to:
- Define and explain the current state of the cryptoasset landscape, and tax marketplace
- Recognize and analyze tax regulations, as well as potential future tax changes
- Outline and articulate how various cryptoassets are classified and treated from a tax planning perspective
- Discuss examples of how to advise clients and colleagues on practical ways and methods to account for and plan crypto taxes
Intended Audience
Managers, business owners, investors, and anyone else wanting to learn more about virtual currencies.
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