Crypto Currencies & Taxes 2024 Update (Completed)
Date: Thursday, December 19, 2024
Instructor: Robert K Minniti
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
|
This course has been updated for 2024 for new developments including new laws, regulations, and tax forms.
Are you interested in how cryptocurrencies were developed and how they work? Does blockchain technology provide sufficient security for cryptocurrencies? What are the advantages and disadvantages of using cryptocurrencies? What are the tax consequences of investing in cryptocurrencies or using them for personal or business transactions?
This course is designed for individuals who would like to obtain a basic understanding of crypto currency. The course will cover the history of virtual currencies and explain how they work. We will review some of the legal issues involved with virtual currencies. The course will cover the advantages and disadvantages of using virtual currencies. We will review the IRS rules for tracking and reporting crypto currency transactions for tax purposes.
Topics Covered
- Basic understanding of cryptocurrency
- History of virtual currencies and explain how they work
- Review some of the legal issues involved with virtual currencies
- Advantages and disadvantages of using virtual currencies
- Review the IRS rules for tracking and reporting cryptocurrency transactions for tax purposes
Learning Objectives
- Describe cryptocurrency
- Recognize the tax implications of using or investing in cryptocurrency
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Understanding of Crypto Currency and Taxes
Advance Preparation
None
