Are you interested in how cryptocurrencies were developed and how they work? Does blockchain technology provide sufficient security for cryptocurrencies? What are the advantages and disadvantages of using cryptocurrencies? What are the tax consequences of investing in cryptocurrencies or using them for personal or business transactions? This course is designed for individuals who would like to obtain a basic understanding of crypto currency. The webinar will cover the history of virtual currencies and explain how they work. We will review some of the legal issues involved with virtual currencies. The session will cover the advantages and disadvantages of using virtual currencies. Our expert speaker will review the IRS rules for tracking and reporting crypto currency transactions for tax purposes.  This webinar has been updated for new laws and regulations for 2023.

Webinar Objectives

• Define crypto currency
• Recognize the tax implications of using or investing in crypto currency

Webinar Highlights

• Different types of virtual currencies
• What makes a crypto currency
• Blockchain Technology
• History of Crypto assets
• Taxation of crypto assets
• Reporting crypto assets (1040)

Who Should Attend

CPAs, CFEs, CMAs, CIAs, CFFs, CVAs, CGMAs, CIAs, CFFs, MAFFs, managers, business owners, investors, and anyone else interested in learning about virtual currencies.

Credit(s)

IRS CPE Credits: 1 Tax hour