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National Tax Conference 2019

NTA19202 - Nuts & Bolts of Cryptocurrency Taxation and New Law Update

Nov 13, 2019 7:00am ‐ Nov 13, 2019 7:50am

Standard: $49.00


Blockchain technology and cryptocurrencies such as bitcoin and ether are two trending topics in the fin-tech world. Yet, few business professionals can grasp the intricacies, opportunities and challenges posed by this new technology. This session intends to give you a high-level, non-technological understanding of the history of the blockchain/cryptocurrencies, properties & characteristics of blockchain technology and the taxation of common blockchain related transactions. This session also covers current developments surrounding this topic, and especially on how to successfully navigate through tax notices such as CP2000, Letter 6173, Letter 6174 & Letter 6174-A.

Learning Objectives:
  • Understand the use of bitcoin and other cryptocurrencies
  • To know about blockchain technology
  • Tax implications related to investing in cryptocurrency, running a mining operation, using cryptocurrency as a method of payment, exchanges of cryptocurrency
  • Foreign reporting and related to cryptocurrency transactions
  • Understand the IRS position on taxation of cryptocurrencies and current developments


Tags: Early Riser

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