Blockchain and Virtual Currency Implications for Tax
Gain the knowledge necessary to advise clients and organizations that are or may be involved in transactions involving Blockchain/DLT.
Format
Online
NASBA Field of Study
Information Technology
Level
Basic
CPE Credits
8.5
Author(s)
Tom Prieto, Kirk Phillips
Availability
1 year
Product Number
188110
Blockchain is changing taxes. Find out how.
As bitcoin becomes more mainstream, the use of its enabling technology, blockchain, will become more pervasive. Already, blockchain is affecting the tax services industry and it will continue to do so in the future.
This CPE course gives context to blockchain technology, so you will know how to master current tax issues, anticipate new challenges, and create value for yourself and your clients.
Gain the tools and information to become a trusted adviser on blockchain.
Created to help you gain an understanding of the importance and impact of blockchain, this course will give you the knowledge necessary to advise clients and organizations that are or may be involved in transactions using blockchain or distributed ledger technology.
Beginning with foundational topics, moving to application, and culminating with a regulatory perspective, this course presents blockchain technology for tax professionals in a clear, accessible, and integrated manner. The course:
- Provides clarity on blockchain technology and guidance on the consequential tax impacts.
- Describes the purpose and uses of blockchain technology, such as virtual currencies; explains the 2014 IRS tax guidance; and includes an update on the 2019 IRS tax guidance and the AICPA's comments.
This CPE course bundle gives context to blockchain technology, so you will know how to master current tax issues, anticipate new challenges, and create value for yourself and your clients. It also includes a supplement course on the latest information from the 2019 IRS Tax Guidance on Virtual Currency.
Note: When you purchase this self-study course, you will also receive IRS Guidance on Taxation for Virtual Currency, which will be automatically added to your cart at no charge.
- CPAs and other professionals with clients; and organizations that are utilizing Blockchain technology
- Accountants with clients or within organizations that are holding, trading, or issuing digital assets
- Individuals who are interested in getting a better technical understanding of Blockchain technology and digital assets and the impact of this technology on taxable transactions.
- Understanding the IRS guidance
- Fintech Revolution
- Distributed Ledger Technology
- Digital Assets
- Private Blockchains
- Smart Contracts
- Governance
- Regulations
- Taxation
- Identify the impact of technology on taxation
- Recognize the elements of distributed ledger technology (DLT)
- Recall how digital assets can impact taxable transactions
- Identify the tax implications of Blockchains
- Identify the potential tax impact of Blockchain governance issues
- Distinguish between terms the Blockchain, Bitcoin, and distributed ledger technology.
- Distinguish how "Crypto-Economics" is different from traditional economics.
Group ordering for your team
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