0
| Author : | Paul Winn, CLU, ChFC |
| Course Length : | Pages: 31 ||| Word Count: 13,098 ||| Review Questions: 10 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 2 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 2243 |
| Description : | According to a survey done by the Pew Research Center whose results were published in April 2023, 17% of Americans indicated they personally have invested in, traded or otherwise used virtual currency1. Additionally, the number of people investing in or engaging in transactions involving virtual currency continue to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. It's to provide that awareness that Tax Treatment of Virtual Currency was written. _________________________________ [1] The Pew Research Center fact sheet may be accessed at https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/ |
| Usage Rank : | 29286 |
| Release : | 2025 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Digital Assets
|
| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 06-Feb-2025 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents - 2243 |
| Keywords : | Taxes, Virtual, Currency, Transactions, Form, 1040, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After completing this course, students should be able to:
Chapter 1
Chapter 2
|
| Course Contents : | Course Learning Objectives Course Introduction Chapter 1 - Nature of Virtual Currency Learning Objectives Introduction The Lexicon of Virtual Currency Virtual Currency Defined Digital Currency Obtaining Virtual Currency Virtual Currency Mining Purchasing Virtual Currency Storing Virtual Currency Storing Cryptocurrency in Cold Storage Storing Cryptocurrency in Hot Storage Virtual Currency Transactions Confirmations Security Changes in Protocol — Forks Airdrops Blockchain Summary Chapter 1 Review Questions Chapter 2 - Tax Treatment and Reporting Learning Objectives Introduction Virtual Currency Transactions Determining the Cost Basis of Virtual Currency Cost Basis of Purchased Virtual Currency Cost Basis of Virtual Currency Received for Goods or Services Cost Basis of Inherited Virtual Currency Virtual Currency Received as a Gift Cost Basis Summary Tax Treatment of Virtual Currency Received for Services Virtual Currency Received as Wages Virtual Currency Received by an Independent Contractor Mining Virtual Currency Tax Treatment of Virtual Currency Transactions Exchanged Virtual Currency Exchange of Virtual Currency for Other Property Tax Treatment When Less Than All Virtual Currency Held Is Sold, Exchanged, or Disposed Of Charitable Gifts of Virtual Currency Tax Treatment of Protocol Changes Reporting Recordkeeping Blockchain and the Distributed Ledger Summary Chapter 2 Review Questions Glossary of Key Terms |
Login/Register
The Charitable Payraise- A Strategy for Better Retirements and Lasting Legacies (Video) (1 Hrs)