Crypto, Blockchain and Taxes WEBCAST - Washington Society of CPAs

Overview

Digital assets are no longer niche—they’re now a key part of personal and business portfolios. This course breaks down the core technologies behind cryptocurrency and blockchain while giving attendees the tools they need to address evolving IRS guidance, proposed FinCEN reporting, and the treatment of crypto in estates and trusts. We’ll look at wallet types, transaction tracking, taxable events, and reporting obligations under current law, including the infrastructure bill’s impact on brokers and exchanges. Beyond theory, this session focuses on practical planning. You’ll learn how to advise clients on basis tracking, crypto-to-crypto exchanges, charitable donations of crypto, and estate transfers involving NFTs and other digital assets. This course is designed for financial professionals who need clear guidance on how to keep their clients compliant—and prepared—for what’s coming next.

Highlights

Cryptocurrency basics and blockchain functionality. IRS Form 8949, Schedule D, and broker reporting under the Infrastructure Investment and Jobs Act. Cost basis tracking and recordkeeping tools for digital asset investors. Taxation of mining, staking, and airdrops. Donating. Gifting. or inheriting crypto and NFTs. Crypto treatment in estates and trusts. Current FinCEN guidance and proposed FBAR-like reporting. Business applications of blockchain in accounting.

Prerequisites

None.

Designed For

CPAs, EAs, attorneys, and other tax professionals.

Objectives

Identify and define current types of digital assets, including cryptocurrency, tokens, and NFTs. Explain the underlying technology of blockchain and how it applies to accounting systems. Determine when and how taxable events occur in cryptocurrency transactions. Calculate basis, fair market value, and gain/loss on crypto-related activity. Apply current IRS guidance on crypto reporting for individuals, businesses, and brokers. Evaluate estate and trust planning options for digital asset holdings. Recognize the compliance implications of self-custody versus third-party wallets. Implement strategies to help clients prepare for FinCEN’s proposed foreign crypto account reporting rules.

Preparation

None.

Notice

Qualifies for EA Credit.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

Leader Bios

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

4.94 stars out of 5 - speaker rating for 2019

“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees

Art Werner is currently a shareholder in and is the President of the lecture firm Werner - Rocca Seminars, Ltd. Mr. Werner’s areas of expertise include business, tax, financial, and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University located in Philadelphia, Pennsylvania. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants, Enrolled Agents, Insurance Agents, and Financial Planners, and has presented well in excess of 2,000 eight-hour seminars over the past 20 years. Over the past 20 years, Mr. Werner was rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

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