Description
Delve into the evolving landscape of cryptocurrency and digital asset taxation. This course covers IRS reporting requirements, taxable events, and challenges related to valuation and record-keeping. Participants will gain an understanding of the latest regulatory guidance and learn practical approaches to advising clients with crypto investments.
Session Objectives:
- Identify taxable events and proper record-keeping practices for cryptocurrencies.
- Understand IRS reporting requirements for digital assets.
- Address challenges in crypto valuation and gain calculation.
- Advise clients on compliance and planning strategies.
Agenda:
- Overview of Cryptocurrency and Digital Asset Taxation
- Taxable Events: Trading, Mining, Staking, and More
- Reporting Requirements: Forms and IRS Guidance
- Addressing Valuation and Basis Issues
- Practical Strategies for Client Compliance and Planning
Why They Should Attend:
- To stay informed on IRS guidance and evolving regulations on cryptocurrency and digital assets.
- To understand how to identify taxable events such as trading, staking, and mining.
- To gain clarity on crypto valuation, cost basis, and gain calculations.
- To learn strategies for advising clients on tax compliance and planning effectively.
Who Should Attend:
- Tax Professionals:
- Tax Preparers
- Tax Accountants
- Tax Consultants
- Tax Attorneys specializing in digital assets
- Financial Professionals:
- Financial Planners
- Wealth Advisors
- Certified Financial Analysts (CFAs)
- Compliance and Legal Experts:
- Compliance Officers dealing with crypto regulations
- Legal Counsel specializing in financial law
- Cryptocurrency and Blockchain Professionals:
- Crypto Investors and Traders
- Blockchain Developers or Startups involved in crypto
- Cryptocurrency Exchange Operators
- Business Owners and Executives:
- Founders or executives of businesses accepting cryptocurrency payments
- Entrepreneurs working on blockchain-based projects
- Individuals with Crypto Assets:
- High-net-worth individuals with significant crypto investments
- Retail crypto investors looking to ensure compliance
About the Speaker
Nick Preusch
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility.
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