Your Course Price: N/A
Cryptocurrency
- Course Description
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IRS CPE: Tax Update 1/Tax Topics 3
CTEC CPE: Tax Update 1/Tax Topics 3
NASBA CPE: Taxes 4
This course will provide an understanding of the terminology and various actions available in the cryptocurrency environment such as blockchain, soft and hard fork, mining, non-fungible token (NFT), etc. and their application in tax law. The second session will look at the various IRS guidance such as Notice 2014-21 and Rev. Rul. 2019-24 as well as subsequent actions. We will also look at the tax implications as the result of the failure of a cryptocurrency firm. In our final session we will address new issues raised by the Infrastructure Investment and Jobs Act dealing with the reporting by brokers under Sec. 6045, Returns of brokers, and Sec. 6045A, Information required in connection with transfers of covered securities to brokers starting in 2023.
- Learning Objectives
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At the completion of the course, the participants will have a better understanding of:
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The terminology used in the cryptocurrency environment
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The various actions to be found in the cryptocurrency environment and their impact on the individuals’ or business’ tax planning
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The tax implications of cryptocurrency transactions and the reporting requirements
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The IRS interpretation of cryptocurrency actions and their applicability to tax law
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The requirements by the reporting agents under current tax law
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The best practices to be considered in the reporting of a client’s cryptocurrency activities
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FAQ
To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.
Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.
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Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.
Your certificate will be emailed to you within 10 business days of the completion of the course.
Administration:
Refunds
- Once your registration confirmation is emailed, due to the proprietary materials and content of orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
- materials and presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
- require a test for CPE. 3 attempts are allowed.
- You have 1 (one) year from date of purchase to complete the course by taking the test.