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Nuts & Bolts of Cryptocurrency Taxation & New Law Update
Taxes

NUTS & BOLTS OF CRYPTOCURRENCY TAXATION & NEW LAW UPDATE

Cost Free
Presentation Length 1.0 hour

Recorded DateMarch 10, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Series: Taxes, Blockchain and Cryptocurrency, Enrolled Agents
Course Description

Blockchain technology and cryptocurrencies such as bitcoin and ether are two trending topics in the fintech world. Yet, few business professionals can grasp the intricacies, opportunities, and challenges posed by this new technology. This session intends to give you a high-level, non-technological understanding of the history of cryptocurrencies and the taxation of common cryptocurrency-related transactions. This session also covers current developments surrounding this topic, such as the inclusion of the virtual currency question on the front of Form 1040, how to successfully navigate through tax notices (CP2000, Letter 6173, Letter 6174, and Letter 6174-A), and tax planning opportunities.

Learning Objectives:


  • Identify bitcoin and cryptocurrencies

  • Recognize the tax implications of investing in cryptocurrency, running a mining operation, and using cryptocurrency as a payment method

  • Give examples of tips and tricks on how to serve clients with cryptocurrency

  • Outline tax planning opportunities unique to cryptocurrency

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Shehan Chandrasekera, CPA

CoinTracker
Head of Tax Strategy
[email protected]

Cointracker

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.

 

About Our Presenter

Cointracker
Our mission is to transition the world to a digitally-native financial system that’s frictionless, reliable, and accessible to everyone.

CoinTracker is a unified interface for cryptocurrency. It lets crypto holders connect their wallets and exchanges, see their portfolio, wallets, and transactions in one place, and generate their cryptocurrency tax returns with the click of a button.