Nuts & Bolts of Cryptocurrency Taxation and New Updates
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, partner at JAGArgueta CPAs 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 done speaking engagements with many organizations including Google, Coinbase, Square, Coindesk, Lyft, AICPA, American Bar Association, and State CPA Societies.
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 & Letter 6174-A), and tax planning opportunities.
- Learn about bitcoin and the cryptocurrency compliance landscape
- Understand the tax implications of investing in cryptocurrency, running a mining operation, and using cryptocurrency as a payment method
- Learn about challenges in dealing with cryptocurrency-related clients
- Apply tax planning opportunities
Course Level - Basic
Who Should Attend
Tax Associate, Tax Senior Associate, Staff Accountant, Senior Accountant, Supervisor, Tax Supervisor, Manager, Senior Manager, Partner, Shareholder, Principal, Trader, Investment Analyst, and Broker.
Why Should You Attend
With the addition of cryptocurrency questions on the front and center of Form 1040, cryptocurrency is heading mainstream. This has made cryptocurrency a subject that tax practitioners must know.