Nuts & Bolts of Cryptocurrency Taxation & 1099-DAs
12:00 PM – 2:00 PM ET
Nuts & Bolts of Cryptocurrency Taxation & 1099-DAs
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 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.
We will also cover current developments surrounding this topic, such as the updated version of the digital assets question on Form 1040, upcoming Form 1099-DAs, a series of chief counsel memorandums related to digital assets, Rev. Proc. 2024-28, and tax planning opportunities.
- 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
Designed for: Managers, Business owners, Investors, and anyone else interested in learning more about virtual currencies.
CPE CREDIT: 2 hours
FIELD OF STUDY: Taxation
PREREQUISITES: None
LEVEL: Update
DELIVERY METHOD: Group Internet Based
Speaker Bio
Shehan Chandrasekera, CPA
CoinTracker
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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 [email protected].
AGN International – Americas, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Texas CPAs: AGN International – Americas, LLC is also registered with the Texas State Board of Public Accountancy. (Sponsor ID: 010173)
Questions and comments can be directed to AGN Programs Manager Misean Reed.
