Surgent's Virtual Currency: Keeping Up with the Tax Code

Overview

Whether you are an experienced veteran or new to the industry, one of the toughest parts of being a tax practitioner is keeping up with all of the changes in tax legislation. This course takes a look at recent changes to tax law from a practitioner perspective. In this session, we will explore the nuances of virtual currency and the new Form 8300 reporting requirements.

Highlights

• Overview of virtual currency
• Property transactions with virtual currency
• Receiving virtual currency as payment
• Paying using virtual currency
• Charitable donations with virtual currency
• Gifting of virtual currency
• Form 8300 reporting

Prerequisites

None

Designed For

Accounting and finance professionals who advise on business income tax issues

Objectives

• Understand which virtual currency transactions result in gains and losses for the taxpayer
• Recognize the difference in tax treatment between a hard fork and a soft fork
• Identify situations where a taxpayer needs to file Form 8300

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by Surgent (info@surgent.com). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.