$49.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Taxes
Course Level
Overview
Format
Webcast
Course Description
Cryptocurrency is a decentralized digital currency otherwise known as Virtual Currency. The term “Cryptocurrency” generates countless amounts of uncertainty and anxiety among tax professionals. The language, single-handedly strikes apprehension among us. This course will provide you with the confidence to deal with Cryptocurrency and will enlighten tax pros on this crazy language. So, join us in deciphering the mystery of Virtual Currency.
Learning Objectives
Upon completion of this course, participants will be able to:
- Survey recent Treasury and IRS guidance
- Define Virtual Currency, aka Cryptocurrency
- Demonstrate types of transactions
- Differentiate modes of “Wallet”
- Examine and Translate Crypto’s Vocabulary
- Discuss common Cryptocurrency tax events
- Inspect the 18 Tax Principles
- Analyze IRS Notices, Revenue Rulings, FAQs concerning Crypto
- Clarify the provisions of Infrastructure Bill
- Critique recent Chief Counsel Advices’
- Assess any FinCEN regulations
- Identify and discuss Form 8938 and FinCEN 114 requirements
- Formulate best practices concerning Virtual Currency
- Establish an Engagement letter for our tax practices
Course Specifics
WC1824398366
January 16, 2025
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02691-25-O
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-2132
CTEC Federal Tax Law Credits: 1
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
A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …
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