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CPE Self-Study
Blockchain and Virtual Currency Implications for Tax
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NASBA FIELD OF STUDY
Information Technology, Tax
LEVEL
Basic
CPE CREDITS
Online: 10.0
Gain the knowledge necessary to advise clients and organizations that are or may be involved in transactions involving Blockchain/DLT.

Tax section members and CITP credential holders receive a 20% discount:

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Product details

Who Will Benefit

This course is valuable to anyone who needs to understand the implications of Blockchain technology and digital assets on taxation. This includes:

  • CPAs and other professionals with clients; and organizations that are utilizing Blockchain technology
  • Accountants with clients or within organizations that are holding, trading, or issuing digital assets
  • Individuals who are interested in getting a better technical understanding of Blockchain technology and digital assets and the impact of this technology on taxable transactions.

Key Topics

  • Fintech revolution
  • Distributed ledger technology
  • Digital assets
  • Private blockchains
  • Smart contracts
  • Governance
  • Regulations
  • Taxation
  • Understanding the IRS guidance

Learning Objectives

  • Identify the impact of technology on taxation.
  • Recognize the elements of distributed ledger technology (DLT).
  • Recall how digital assets can affect taxable transactions.
  • Identify the tax implications of blockchains.
  • Distinguish between the terms blockchain, bitcoin, and distributed ledger technology.
  • Understand the taxation of hard forks and air drops.
  • Distinguish what cost basis methods are acceptable.
  • Determine the fair market value of virtual currency received.
  • Understand what IRS guidance is most important to taxpayers, tax practitioners, or both, and what AICPA comments were addressed by the guidance.

How Will Product Help You With Work on Your Desk?

  • The course provides guidance for handling tax, investment, and operational decisions associated with blockchain technology and virtual currencies.

Blockchain is changing taxes. Find out how.

As bitcoin becomes more mainstream, the use of its enabling technology, blockchain, will become more pervasive. Already, blockchain is affecting the tax services industry and it will continue to do so in the future.

This CPE course gives context to blockchain technology, so you will know how to master current tax issues, anticipate new challenges, and create value for yourself and your clients.

Gain the tools and information to become a trusted adviser on blockchain.

Created to help you gain an understanding of the importance and impact of blockchain, this course will give you the knowledge necessary to advise clients and organizations that are or may be involved in transactions using blockchain or distributed ledger technology.

Beginning with foundational topics, moving to application, and culminating with a regulatory perspective, this course presents blockchain technology for tax professionals in a clear, accessible, and integrated manner. The course:

  • Provides clarity on blockchain technology and guidance on the consequential tax impacts.
  • Describes the purpose and uses of blockchain technology, such as virtual currencies; explains the 2014 IRS tax guidance; and includes an update on the 2019 IRS tax guidance and the AICPA's comments.

This CPE course bundle gives context to blockchain technology, so you will know how to master current tax issues, anticipate new challenges, and create value for yourself and your clients. It also includes a supplement course on the latest information from the 2019 IRS Tax Guidance on Virtual Currency.

Note: When you purchase this self-study course, you will also receive IRS Guidance on Taxation for Virtual Currency, which will be automatically added to your cart at no charge.

Ratings and reviews
Author(s)

Kirk Phillips

CPA, CMA, CFE, CPB

Kirk is author of The Ultimate Bitcoin Business Guide For Entrepreneurs and Business Advisors and was the first CPA to accept bitcoin and other cryptocurrencies. He’s a contributor to Bitcoin Magazine. As a speaker and continuing education crypto lecturer for CPAs and attorneys, he’s a recognized thought leader on crypto security, strategy, accounting and taxation. Kirk is a cryptocurrency, blockchain and ICO advisor, investor and evangelist who weaves risk management into business processes. He is Digital Currency Council Certified, a Certified Bitcoin Professional and holds a certificate for the Introduction to Digital Currencies Course by the University of Nicosia.

Tom Prieto, CPA, MBT

Tom Prieto is an author, CPE instructor, and an accounting professor at College of the Canyons in Santa Clarita, Calif.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$379.00
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Nonmember Quantity:
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Estimated total:
$379.00
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CREDIT INFO
CPE credits
Online
: 10.0
NASBA Field of Study
Information Technology, Tax
Level
Basic
Prerequisites
Basic knowledge of Blockchain technology.
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
BLTA
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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