Cryptocurrency Compliance

Overview

Globalization impacts the work of businesses, individuals and the tax professionals who advise them. As a tax professional, you need an understanding of the forms, reporting requirements, standards and regulations required for filing taxes on cryptocurrency.

Highlights

• New Developments • Schedules K-2 and K-3 • Crypto

Objectives

• Understand how the IRS views virtual currency? • Appreciative the need to correctly report gains/losses from virtual currency transactions ? • Understand IRS civil enforcement efforts? • Recognize that you should not use the Dark Web to engage in illicit transactions