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Cryptocurrency Taxation Basics and Key Terms

CRYPTOCURRENCY TAXATION BASICS AND KEY TERMS

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 25, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelIntermediate
Course Description

This intermediate course explores the exciting frontier of cryptocurrency taxation. You will learn key terms as well as what are and are not taxable events, the definition of mining cryptocurrency, how capital gains work with cryptocurrency and the definition of a hard fork. We will explore current enforcement action from the IRS's CID and recent lawsuits. Most importantly, you will learn how to keep your clients out of trouble with the IRS!

Learning Objectives:


  • Learn key terms in cryptocurrency

  • Learn to tell what is and is not a taxable event

  • Learn how to treat mining

  • Learn about hard forks and airdrops (UPDATED FOR NEW GUIDANCE FROM THE IRS)

  • Learn how to keep your clients out of trouble with the IRS

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Knox is an Enrolled Agent. He earned the privilege of representing taxpayers before the Internal Revenue Service passing a three-part comprehensive IRS test covering individual and business tax returns. Enrolled agent status is the highest credential the IRS awards. Knox is considered one of America's Tax Experts having taught practitioners all over the country. Knox’s areas of expertise include the taxation of clergy, cryptocurrency, foreign earned income, estates (especially on the 1041 fiduciary return), S corporations, and trusts. His practice also includes tax resolution. Knox currently serves as the Tax Director for HappyTax, cryptotaxprep.com, and cryptotaxacademy.com.

About Our Presenter

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Founded by the creators of CryptoTaxPrep.com, the largest assisted crypto tax preparation firm in the US, Crypto Tax Academy is the industry leader in cryptocurrency taxation training and designation for tax and accounting professionals.

Crypto Tax Academy offers in-depth self-study courses for professionals of all levels looking to advance their knowledge in the fast-growing cryptocurrency space, obtain a foundational understanding of cryptocurrency and blockchain, and most importantly, incorporate crypto tax services into their practice.