CPE & Events Catalog
Don Farmer's Cryptocurrency Taxation: Tracking, Reporting & IRS Enforcement VIRTUAL
As IRS scrutiny of digital assets intensifies, CPAs must stay current on cryptocurrency taxation and reporting requirements. This focused 2-hour course provides a practical update on the federal income tax treatment of cryptocurrency transactions, emerging reporting rules, and current IRS enforcement initiatives.
Participants will review the tax implications of common digital asset transactions, including sales, exchanges, mining, staking, hard forks, and airdrops. The program emphasizes reporting requirements, including the Form 1040 digital asset question, Form 8949 reporting, and new broker reporting developments such as Form 1099-DA. Special attention is given to audit risk factors, documentation standards, and practitioner responsibilities in an evolving regulatory environment.
This session is designed to equip tax professionals with the tools needed to ensure compliance and confidently advise clients in today’s increasingly regulated digital asset landscape.
Learning Objectives
Upon completion of this program, participants will be able to:
1. Identify the federal income tax treatment of common cryptocurrency transactions under current IRS guidance.
2. Determine appropriate reporting requirements for individuals and businesses engaging in digital asset activities.
3. Recognize key IRS enforcement trends and audit risk factors related to cryptocurrency transactions.
4. Apply practical compliance and documentation strategies to mitigate reporting risks.
Highlights
As IRS scrutiny of digital assets intensifies, CPAs must stay current on cryptocurrency taxation and reporting requirements. This focused 2-hour course provides a practical update on the federal income tax treatment of cryptocurrency transactions, emerging reporting rules, and current IRS enforcement initiatives.
Participants will review the tax implications of common digital asset transactions, including sales, exchanges, mining, staking, hard forks, and airdrops. The program emphasizes reporting requirements, including the Form 1040 digital asset question, Form 8949 reporting, and new broker reporting developments such as Form 1099-DA. Special attention is given to audit risk factors, documentation standards, and practitioner responsibilities in an evolving regulatory environment.
This session is designed to equip tax professionals with the tools needed to ensure compliance and confidently advise clients in today’s increasingly regulated digital asset landscape.
Field of Study: Taxation
Who Should Attend
CPAs and tax practitioners in public practice and industry, tax professionals, and accounting practitioners who advise clients or employers on cryptocurrency and digital asset transactions.
Required Knowledge
None
