This session focuses on what CPAs need to know about cryptocurrencies following their movement into the mainstream financial conversation during the 2017 tax reporting season. Specifically, this session will focus on commonly asked questions about cryptocurrencies that arose between the 2017 tax reporting season and the present. In addition to addressing these questions, this session will also focus in current updates and news that practitioners need to be aware of as cryptocurrencies continue to increase in popularity and utilization throughout the economy.
Sean Stein Smith is an Assistant Professor at the City University of New York (Lehman College), serves on the Advisory Board of Wall Street Blockchain Alliance, where he also chairs the Accounting Working Group, and chairs the Emerging Technology Interest Group of the New Jersey Society of CPAs. He was an America's Future Foundation Writing Fellow during the summer of 2020. Sean has been named 40 under 40 in the accounting profession by both CPA Practice Advisor (2017-2019), and the New York State Society of CPAs (2020) in addition to receiving the NJCPA Ovation Award for Innovation in 2019. He was a Visiting Research Fellow at the American Institute for Economic Research, focusing on blockchain, cryptoassets, and the economic impact of these technologies during 2019. His research has been quoted in dozens of scholarly and practitioner publications, and he is a regular speaker at accounting and technology conferences. Sean has also been named of the Top 100 Most Influential People in Accounting by Accounting Today.