Tales from the Darkside: IRS Enforcement of Cryptocurrency
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Speaker : ROBERT NORDLANDER
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When : Friday, May 24, 2024
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Time : 01 : 00 PM EST
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For over 20 years, Robert Nordlander was a special agent with
IRS-Criminal Investigation, where he investigated tax evaders and money
launderers around the world. He is a CPA and CFE. He is also an author
of two Amazon bestsellers on forensic accounting and tax resolution.
After a successful law enforcement career, he currently is the owner of
Nordlander CPA, PLLC, a boutique forensic accounting and tax resolution
firm, located in North Carolina. Based on his experience in following
the money and working for the IRS, he speaks nationwide about forensic
accounting and solving IRS problems.
Bitcoin and other cryptocurrencies have created a new generation of millionaires, with the benefit of anonymity. Whether the cryptocurrency is being used for criminal activity or held as a legitimate investment, the IRS is spending substantial resources in finding those who possess, purchase, and sell cryptocurrencies to ensure that the tax, banking, and money laundering laws are being followed.
Are you or your firm prepared to advise your client when reporting cryptocurrency transactions? Can you identify when cryptocurrency is being used for potential criminal purposes? Can you prepare an accurate tax return related to cryptocurrency transactions? Do you know what questions to ask your client or what documents to request?
This course will give you a brief overview of cryptocurrencies, and how this new technology is being regulated, the common ways that cryptocurrencies are used to evade tax and money laundering laws, and what is expected from taxpayers and their return preparers when cryptocurrencies are involved.
Learning Objectives
After attending this presentation you will be able to
- Give an overview of how Bitcoin and cryptocurrencies operate
- Recognize the difference between proof of work vs proof of stake in verifying the blockchain
- Prepare a proper tax return with cryptocurrency transactions
- Identify common money laundering violations involving cryptocurrencies
- Identify the tools used by the IRS to identify cryptocurrency transactions for civil and criminal violations
- Recall the learning objectives in real-life examples of cryptocurrency transactions
Areas Covered
- Overview of Bitcoin and cryptocurrencies
- Definition of proof of work and proof of stake
- Tax laws regarding cryptocurrency transactions
- Definition of common money laundering laws involving cryptocurrencies
- Tools used by the IRS to identify cryptocurrency transactions and cryptocurrency in criminal investigations
- Real-life examples of cryptocurrency used in criminal activities
Who Should Attend
Forensic Accountants, CPA, Return Preparers.
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$160.00
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