Crypto Tax Bootcamp
Available Dates:
Time:
Who Should Attend?
Delivery Method:
CPE/IRS Credits:
Tuesday, October 27
Thursday, November 5
Thursday, December 10
9am-3pm CST
CPAs, EAs, tax professionals, accountants, financial professionals, business owners and individuals seeking a foundational understanding of crypto taxation
Group Internet Based
5
Course Content
This course takes a practical, step-by-step approach to navigating the rapidly evolving world of digital assets and cryptocurrency taxation. Participants will build a foundation in crypto concepts before moving into best practices, tax reporting, regulatory considerations, and real-world business applications.
1. Crypto Basics: Core blockchain and cryptocurrency concepts, terminology, exchanges, wallets, stablecoins, tokens, and tokenization.
2. Crypto Best Practices: Exchange-account administration, wallet strategies, multiple-wallet management, and transfers between parties.
3. Year-End Reporting: Tax treatment, transaction classification, record keeping, and Form 1099-DA reporting considerations.
4. IRS Regulations: Current guidance and regulatory developments discussed in the course, including taxable versus non-taxable events.
5. Business Use: Payment-processing applications, transaction-cost considerations, and potential effects on operating margins and profitability.
Learning Objectives
Upon completion of this course, participants will be able to:
1. Define core digital-asset and blockchain terminology, including stablecoins, tokens, exchanges, digital wallets, and asset tokenization.
2. Identify basic operational practices for managing exchange accounts, multiple wallets, and transfers of cryptocurrency between parties.
3. Apply foundational U.S. income-tax classification and record keeping concepts to common cryptocurrency transactions, including Form 1099-DA reporting considerations.
4. Distinguish common taxable from non-taxable digital-asset events and summarize the regulatory developments addressed in the course.
5. Evaluate practical business-use cases for cryptocurrency payments and identify potential transaction-cost and operating-margin considerations.