Globalization impacts the work of businesses, individuals and the tax professionals who advise them. As a tax professional, you need an understanding of the forms, reporting requirements, standards and regulations required for filing taxes on cryptocurrency.
Learning Objectives
• Understand how the IRS views virtual currency
• Appreciative the need to correctly report gains/losses from virtual currency transactions
• Understand IRS civil enforcement efforts
• Recognize that you should not use the Dark Web to engage in illicit transactions
Major Topics
• New Developments
• Schedules K-2 and K-3
• Crypto