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Self-Study Video

Cryptocurrency Taxation: A Foundation for Advisors

Properly understand cryptocurrency transactions, along with their tax implications.

Individual
Teams

$98.00

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

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CPE Credits

2 Credits: Taxes
Course Level
Basic
Format
Self-Study Video

Course Description

Before this course, many tax, accounting, and finance professionals may find themselves unprepared to advise clients in the complex and rapidly evolving world of cryptocurrency and blockchain technology. This course acts as a bridge, offering a transformation from uncertainty to confidence in understanding and advising on cryptocurrency transactions and tax implications. After completing the course, led by expert Shehan Chandrasekera, CPA, participants will move from a basic awareness to a comprehensive understanding of cryptocurrency taxation, secure trading, and the use of advanced tools like CoinTracker. This shift is essential for professionals aiming to provide informed and up-to-date financial advice in an era where digital currencies are becoming increasingly mainstream.

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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
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Course Specifics

Course ID
8222843SSVID
Revision Date
September 12, 2023
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02537-24-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1733
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Shehan Chandrasekera
Shehan Chandrasekera, CPA

Shehan Chandrasekera is a Certified Public Accountant in the state of Texas and New Jersey. He specializes in business and individual tax planning and consulting for small businesses. Shehan has a broad tax knowledge of various industries including, Real Estate, Construction, E-commerce, Healthcare, Manufacturing & Distribution and the emerging Blockchain related industries. Before starting his career at JAG CPAs & Co, Shehan worked for several regional and national public accounting firms for a number of years. His ability to dissect the tax code and innovative thinking have immensely contributed to his rapid professional growth. After a successful career helping many …

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