Basics and Beyond of Cryptocurrency Taxes Online Training

Instructor-led sessions on June 8, June 15, and June 22 from 2:00 p.m. - 4:00 p.m. CT
6 CPE for AFSP, EA, CPA, CRTP

Class full

Premium: $171 | Professional: $171 | Basic: $217 | Nonmember: $228
Check my membership level.

Summary

No experience necessary—understand what your clients have been investing in! Cryptocurrency, or virtual currency, is a digital representation of value currently used as a medium of exchange and investment. Because the IRS considers virtual currency to be property, the tax implications of using and investing in virtual currency are considerable. The instructor will begin with origins, abbreviations and definitions of cryptocurrency and build to current topics like nonfungible tokens (NFTs) and Strongblock.

During this training, you’ll learn about the gaps in current tax legislation and how the current laws apply. Form 1040 asks, “At any time did you receive, sell, exchange or otherwise dispose of any financial interest in any virtual currency?” With this training, you’ll understand how to answer it for your client’s situation.

This course uses a unique hybrid learning approach to teach the application of tax law to the tax return. The first two sessions will end with homework to be reviewed in the next session to reinforce your learning.

Objectives

Upon completion of this course, you will be able to:

  • Differentiate between CeFi and DeFi
  • Translate basic crypto speak
  • Analyze cryptoverse concepts
  • Apply IRS compliance history
  • Identify IRS rules and regulations relating to virtual currency
  • Determine whether a transaction is taxable
  • Report taxable transactions
  • Report income from mining and staking cryptocurrency
  • Describe the tax issues of NFTs
  • Identify areas of the IRC that need additional clarification
  • Apply best practices to the taxation of cryptocurrency

Course details

Instructor-led sessions will occur June 8, June 15 and June 22 from 2:00 p.m. - 4:00 p.m. CT. Class participation via chat and webcam will be encouraged. Class size is limited to allow for learner interaction with the instructor.

This online training includes slides, supplements, homework assignments, and question and answer time with the instructor.

​Presented by: Amy Wall, MBA, EA
Course year: 2022
Duration: 300 minutes (Three 2-credit sessions)
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Internet Based

CPE CreditsDesignationField of Study
IRS6
AFSPFederal Tax Law Topic
IRS6
EAFederal Tax Law Topic
NASBA6
CPATaxes
CTEC6
CRTPFederal Tax Law Topic
CFP Board0CFP®N/A

How to earn CPE

To receive credit for this online training, you’ll need to record at least 70% of the polling words given and be logged in for 90% of the presentation.

Cancellation policy

​Because this is an online education offering, it is nonrefundable.​​

​​


eweb keepalive image