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 is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = On-Demand Webcast.