Cryptocurrency Transactions
Federal Tax Implications and Recent IRS Guidance Discussed-Recorded 10/24/19
This session provides an overview of how federal tax law principles apply to cryptocurrency transactions. Notice 2014-21 and recently released guidance (Rev. Rul. 2019-24 and website FAQs) is discussed as well as areas where the tax law is unclear, such as like-kind status for pre-2018 exchanges. Recent IRS enforcement activities related to cryptocurrency transactions and methods to correct cryptocurrency non-compliance is also covered.
Learning Objectives
Describe the tax treatment of cryptocurrency transactions per Notice 2014-21.
Describe the tax treatment of cryptocurrency transactions per Rev. Rul. 2019-24 and website FAQs.
Understand the areas of tax law with uncertain application to cryptocurrency transactions.
Understand recent IRS enforcement activities related to cryptocurrency.
Learn methods to correct cryptocurrency non-compliance.
What You’ll Receive
Your webinar registration includes:
Education Information
IRS Program Number NMVBP-T-00131-19-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Self-Study/On-Demand
Field of Study: Federal Tax (IRS)
Credit hours: 2 IRS
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.