Cryptocurrency Taxation: Nuts, Bolts and Tax Law Updates
1:30 pm – 3:30 pm ET
2 hrs CPE/CPD in Taxes
Program Level: Basic
With over 40% of Americans owning digital assets and a single bitcoin now valued at over $100K, cryptocurrency is no longer a niche subject. But a few tax professionals understand how to help individuals and businesses dealing with digital assets. This session walks you through the tax implications of common cryptocurrency-related transactions and how to successfully service clients dealing in digital assets.
Learning Objectives:
• Learn what cryptocurrencies are and their use cases
• Understand how to safely interact with cryptocurrency & NFTs (buying, selling & storing)
• Understand the tax implications of investing in cryptocurrency, running a mining operation, using NFTs, and using cryptocurrency as a payment method
• Recognize challenges in dealing with cryptocurrency-related clients
• Understand the implications of IRS’s latest guidance on digital assets
• Apply tax planning opportunities
• Serve clients with cryptocurrency transactions using a tool like CoinTracker.com
CPE CREDIT: 2 hours
FIELD OF STUDY: Taxes
PREREQUISITES: None
LEVEL: Update
DELIVERY METHOD: Group Internet Based
Speaker Bio
Shehan Chandrasekera, CPA
Head of Tax Strategy
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Shehan is one of the handful of CPAs in the country who is recognized as a real-world operator and a conceptual subject matter expert on cryptocurrency taxation. He is the Head of Tax Strategy at CoinTracker, a Forbes Tax Contributor, and a CPE instructor who has won multiple awards: 2020 & 2019 CPA Practice Advisor 40 under 40 accounting professionals, Outstanding Young CPA of the year, Rising Star of Texas & Among 21 accountants mentioned on Accounting Today who will be helping shape (and reshape) accounting in 2020 and beyond by Accounting Today. Shehan is a renowned speaker who has performed speaking engagements with many organizations, including Google, Coinbase, Lyft, AICPA, American Bar Association, and State CPA Societies |
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NOTE: Connection instructions will come directly from the Center for Accounting Transformation (C4AT). AGN covers the registration fees for these webinars as a benefit to our members. Please help us cut down on no-shows by cancelling in advance if you are no longer able to attend. Cancellation requests should be sent to aj.mangual@agn.org.