2024 Crypto, Blockchain and Taxes

Overview

For accounting and tax professionals, understanding the inner workings of blockchain and cryptocurrency is no longer just an advantage—it’s a necessity. This course provides an in-depth look into the mechanics of digital currencies and revolutionary blockchain technology, equipping attendees with the knowledge to navigate benefits and risks effectively. Special emphasis is placed on the tax implications for both individuals and estates, ensuring that attendees can confidently advise on these issues, which are becoming increasingly relevant in financial planning and asset management.

This offering is more than just a learning experience; it’s an investment in one’s professional growth. By understanding the tax complexities and estate planning challenges posed by digital assets, participants will be able to offer valuable insights and strategic solutions. They will emerge from this course not just with theoretical knowledge but with actionable skills that can be applied immediately. In a landscape where digital assets are becoming commonplace, this is the education that will differentiate the exceptional from the average. Join today and step into a role as a leader in finance for the digital age.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• Understanding Blockchain and Cryptocurrency
• Major Features, Benefits and Risks of Blockchain and Cryptocurrency
• Tax Strategies for Cryptocurrency Transactions and Compliance
• Implementing Blockchain in Business Accounting Systems
• Navigating Estate Planning with Digital Assets

Prerequisites

None

Designed For

CPAs, EAs, attorneys, and other tax professionals

Objectives

• Identify key characteristics and functions of major cryptocurrencies currently in use
• Explain the influence of blockchain technology on today’s business environment and accounting practices
• Assess the organizational impact of blockchain and cryptocurrency, focusing on tax and accounting issues
• Apply strategies to calculate and track the historical cost and fair market value of cryptocurrency investments
• Implement tax planning techniques for cryptocurrency transactions to optimize personal tax liabilities
• Design estate plans that effectively incorporate cryptocurrency and NFT holdings for clients

Preparation

None