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CPE Self-Study
IRS Guidance on Taxation for Virtual Currency
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NASBA FIELD OF STUDY
Taxes
LEVEL
Basic
CPE CREDITS
Online: 1.5
Covers the new guidance on the taxation of virtual currency, frequently asked questions and what you need to know as a tax practitioner or personal financial planner.

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Product details

Who Will Benefit?

  • Tax practitioners and personal financial planners who want to understand the latest IRS guidance on taxation of virtual currency and how it will affect them

Key Topics

  • Taxation of hard forks and air drops
  • What cost basis methods are acceptable
  • Fair market value of received virtual currency
  • Check-the-box requirements for crypto disclosure
  • Maintaining backup documentation and records
  • The latest IRS guidance, FAQs, and AICPA comments

Learning Objectives

  • Understand the taxation of hard forks and air drops.
  • Distinguish what cost basis methods are acceptable.
  • Determine the fair market value of received virtual currency.
  • Understand check-the-box requirements for crypto disclosure.
  • Maintain backup documentation and records.
  • Understand what guidance is most important to taxpayers and tax practitioners and what AICPA comments were addressed by the new IRS guidance.

How will this product help you with the work on your desk?

  • Be ready to answer your clients' questions on this emerging topic. Have the tools to help assess fair market value of virtual currency.

Virtual currency taxation can be cryptic. We can help.

The IRS has released new guidance on the taxation of virtual currency, expanding on guidance it released in 2014, to help taxpayers better understand their reporting obligations for specific transactions involving virtual currency. The new guidance includes Revenue Ruling 2019-24 and FAQs.

This CPE self-study course covers the new guidance, FAQs, and what you need to know as a tax practitioner or personal financial planner to answer your clients' questions.

Note: Get this self−study course free when you purchase Blockchain and Virtual Currency Implications for Tax.

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.

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:
$69.00
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Estimated total:
$69.00
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CREDIT INFO
CPE credits
Online
: 1.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
BLVC
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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