This session provides an overview of how federal tax law principles apply to cryptocurrency transactions.  Notice 2014-21 and recently released guidance (Rev. Rul. 2019-24 and website FAQs) is discussed as well as areas where the tax law is unclear, such as like-kind status for pre-2018 exchanges.  Recent IRS enforcement activities related to cryptocurrency transactions and methods to correct cryptocurrency non-compliance is also covered.

Learning Objectives

Describe the tax treatment of cryptocurrency transactions per Notice 2014-21.

Describe the tax treatment of cryptocurrency transactions per Rev. Rul. 2019-24 and website FAQs.

Understand the areas of tax law with uncertain application to cryptocurrency transactions.

Understand recent IRS enforcement activities related to cryptocurrency.

Learn methods to correct cryptocurrency non-compliance.

What You’ll Receive 

Your webinar registration includes:

  • Downloadable course materials and/or implementation tools as appropriate. These materials are available for download when you log into the webinar.
  • The opportunity to listen to the optional question-and-answer session held after the live event.

Education Information

IRS Program Number NMVBP-T-00131-19-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: Self-Study/On-Demand

Field of Study: Federal Tax (IRS)

Credit hours: 2 IRS

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.

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