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IRS Guidance on Taxation for Virtual Currency
Technology
CPE Self-study

IRS Guidance on Taxation for Virtual Currency

Covers the new guidance on the taxation of virtual currency, frequently asked questions and what you need to know as a tax practitioner or personal financial planner.

$59 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

1.5

Author(s)

Kirk Phillips

Availability

1 year

Learning Outcomes
  • Understand the taxation of hard forks and air drops
  • Distinguish what cost basis methods are acceptable.
  • Determine the fair market value of received virtual currency.
  • Understand check-the-box requirements for crypto disclosure.
  • Maintain backup documentation and records.
  • Understand what guidance is most important to taxpayers and tax practitioners and what AICPA comments were addressed by the new IRS guidance.
Key Topics
  • Taxation of hard forks and air drops
  • What cost basis methods are acceptable
  • Fair market value of received virtual currency
  • Check-the-box requirements for crypto disclosure
  • Maintaining backup documentation and records
  • The latest IRS guidance, FAQs, and AICPA comments
Product Details

Virtual currency taxation can be cryptic. We can help.

The IRS has released new guidance on the taxation of virtual currency, expanding on guidance it released in 2014, to help taxpayers better understand their reporting obligations for specific transactions involving virtual currency. The new guidance includes Revenue Ruling 2019-24 and FAQs.

This CPE self-study course covers the new guidance, FAQs, and what you need to know as a tax practitioner or personal financial planner to answer your clients' questions.

Note: Get this self−study course free when you purchase Blockchain and Virtual Currency Implications for Tax.

Who Will Benefit
  • Tax practitioners and personal financial planners who want to understand the latest IRS guidance on taxation of virtual currency and how it will affect them
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$69.00
AICPA Members
Online
$59.00

Looking for group pricing?

We can help with discounts for group orders. Call us at 800-634-6780 (option 1), start a live chat with the icon to the right, or send us a note below.

Contact us
Credit Info
CPE Credits
Online
1.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Instructors
Kirk Phillips
CPA, CMA, CFE, CPB
Kirk is author of The Ultimate Bitcoin Business Guide for Entrepreneurs and Business Advisors and was the first CPA to accept bitcoin and other cryptocurrencies. He's a contributor to Bitcoin Magazine. As a speaker and continuing education crypto lecturer for CPAs and attorneys, he's a recognized thought leader on crypto security, strategy, accounting and taxation. Kirk is a cryptocurrency, blockchain and ICO advisor, investor and evangelist who weaves risk management into business processes. He is Digital Currency Council Certified, a Certified Bitcoin Professional and holds a certificate for the Introduction to Digital Currencies Course by the University of Nicosia.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

IRS Guidance on Taxation for Virtual Currency
Online
$69.00
Nonmember Price
$69.00
Price excluding sales tax
$69.00
Do you have an AICPA membership? 
Log in to apply your member discount.

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