In the ever-evolving financial landscape, cryptocurrencies and blockchain technologies have transitioned from being a fleeting trend to becoming a permanent fixture, presenting new challenges and opportunities for tax, accounting, and finance professionals. With an estimated 50 million Americans poised to buy crypto in the coming year, understanding the tax implications of these transactions has become indispensable. Led by Shehan Chandrasekera, CPA, Forbes Contributor, and Head of Tax Strategy at Cointracker, this crypto tax course provides a comprehensive solution to these challenges. This cryptocurrency CPE covers the ethical concerns of advising clients on crypto adoption, setting up cryptocurrency as a payment method, and using blockchain for smart contracts. The crypto accounting course also delves into the current outlook for cryptocurrency taxation, planning for reporting changes, and the foundational elements of cryptocurrency, equipping you with the knowledge to guide your clients through the complexities of cryptocurrency transactions and taxation.
Learning Objectives
Upon completing this course, participants will be able to:
Understand the ethical concerns about advising your clients on crypto adoption
Evaluate setting up Cryptocurrency as a payment method
Explore the Blockchain use cases, specifically how it's used for smart contracts
Understand the current outlook for cryptocurrency taxation due to the infrastructure bill
Plan for possible offset changes targeting cryptocurrency reporting
Gain familiarity with the foundational elements of Cryptocurrency
Understand how you buy crypto and store crypto securely
Be able to explain how to use services like CoinTracker to track capital gains and losses
Learn about the new developments on the horizon
Explore the tax needs for cryptocurrency investors
Evaluate how taxes work for cryptocurrency mining
See and learn about the tax planning opportunities
Major Topics
What is Blockchain
Buying and Storing Cryptocurrency
Investors
Miners
Tax Planning Opportunities