Virtual Currency Transactions and Form 1040 ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $308.00
Non-Member Price $354.00
Overview
According to a survey done by the Pew Research Center whose results were published in April 2023, 17% of Americans indicated they personally have invested in, traded or otherwise used virtual currency. Additionally, the number of people investing in or engaging in transactions involving virtual currency continue to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. It’s to provide that awareness that Tax Treatment of Virtual Currency was written.
Highlights
Nature of virtual currency. Tax treatment and reporting. Recordkeeping.
Prerequisites
None.
Designed For
CPAs and other accounting professionals.
Objectives
Recognize the methods of obtaining and storing virtual currency. Describe how transactions involving virtual currency work. Understand the basic nature of blockchains. Apply the existing u. S. Tax laws to virtual currency transactions. Identify when and where to report taxable virtual currency events and transactions.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Paul Winn, Western CPE
Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Non-Member Price $354.00
Member Price $308.00