Tax Implications of Non-fungible Tokens (Video) (Course Id 2874)

1. Who is this course for?

This course is designed for corporate tax and finance executives, directors, managers, staff, CPAs, Enrolled Agents, accountants, attorneys, business and financial advisors, and other professionals who work with or advise individuals and businesses that use, invest in, or transact with non-fungible tokens (NFTs) and cryptocurrency.

2. What is this course about or what problem does this course solve?

This course explains the fundamentals of NFTs, including how they are created, classified, recorded, and transferred, while helping practitioners understand the tax implications of creating, purchasing, selling, and exchanging NFTs in the current legislative and regulatory environment.

3. Where can the knowledge from this course be used?

The knowledge gained from this course can be applied in tax compliance, tax planning, financial advisory services, and professional consulting engagements involving individuals or businesses that own, create, trade, or invest in NFTs and related digital assets.

4. Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?

Because this course provides IRS-related continuing education credit and focuses on NFT taxation, it helps CPAs, accountants, and IRS Enrolled Agents identify taxable NFT transactions, understand current regulatory developments, and stay informed about IRS enforcement actions affecting digital asset reporting and compliance.

5. When is this course relevant or timely?

This course is particularly relevant as NFTs continue to be a fast-growing segment of the digital asset marketplace and as legislative, policy, and enforcement activities related to NFT taxation continue to evolve.

6. How is a course like this consumed or used?

This 2-credit QAS self-study video course is completed online at the participant’s own pace and requires passing a 10-question final examination with a score of at least 70% within one year of purchase to earn CPE and IRS credit.

Non-fungible Tokens (NFTs), unique, identifiable digital assets based on blockchain technologies, have become a fast-growing industry. This course will provide a background on how NFTs came into the mainstream marketplace. These materials will assist the practitioner to understand the tax implications of the creation, purchase and sale of these assets. 

Who should Attend : This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency. All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar. 

Program Content:

Course Learning Objectives

By the end of the course, the participant should be able to: