Cryptocurrency Taxation: Nuts, Bolts & Tax Law Updates Webcast [CRPDE]
Time: 08:00am-10:00am
Subject:
Taxation/TechnicalCredit Hours:
2.00Price:
Member: $120.00
Non-member: $150.00
Discussion Leader:
Shehan Chandrasekera, CPA
more info
Shehan Chandrasekera is a Certified Public Accountant in the state of Texas and New Jersey. He specializes in business and individual tax planning and consulting for small businesses. Shehan has a broad tax knowledge of various industries including, Real Estate, Construction, E-commerce, Healthcare, Manufacturing & Distribution and the emerging Blockchain related industries.
Before starting his career at JAG CPAs & Co, Shehan worked for several regional and national public accounting firms for a number of years. His ability to dissect the tax code and innovative thinking have immensely contributed to his rapid professional growth. After a successful career helping many clients at different firms, Shehan pursued his lifelong dream of becoming an entrepreneur by joining JAG.
Shehan is also a published author. His recent article on “Virtual Currency and Tax Ramifications” was featured in “The Tax Adviser” magazine sponsored by AICPA. He was one of the first CPAs to have a published academic article on Cryptocurrency.
Shehan graduated from William Paterson University, NJ as the salutatorian of his graduating class. After migrating from Sri Lanka to New Jersey and spending a few years in the east coast, he moved to Houston to be close to his family. Aside from being an Accountant, Shehan enjoys rock climbing, spending time with his family and reading.
closeWebsite registration for this course closes on December 12, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Cryptocurrency Taxation: Nuts, Bolts & Tax Law Updates Webcast (CRPDE)December 13th, 2024 / 8:00 am 10:00 am Alaska Time
Live Webcast / Washington Society of CPAs Virtual Classroom
46 million Americans now own bitcoin. Yet, few tax professionals understand how to help individuals and businesses dealing with digital assets like cryptocurrency & NFTs. This session walks you through the tax implications of common cryptocurrency-related transactions and how to successfully service clients dealing in digital assets. We will also cover current developments surrounding this topic, such as the updated version of the digital assets question on Form 1040, funds locked in insolvent exchanges, the tax treatment for digital assets which have substantially impaired in value (Luna), tax notices (CP2000, Letter 6173, Letter 6174 & Letter 6174-A), and tax planning opportunities.
Highlights:
- Cryptocurrency.
- NFTs.
Learning Objectives:
- Learn what cryptocurrencies are and their use cases.
- Understand how to safely interact with cryptocurrency and NFTs (buying, selling and storing).
- Understand the tax implications of investing in cryptocurrency, running a mining operation, using NFTs, and using cryptocurrency as a payment method.
- Recognize challenges in dealing with cryptocurrency-related clients.
- Apply tax planning opportunities.
- Serve clients with cryptocurrency transactions using a tool like CoinTracker.com.
Designed For: Firm leaders, owners, managing partners, and IT managers.
CPE Credits: 2, Taxation / Technical
Level of Knowledge: Basic
Prerequisite: None
Acronym: WTXDE
Discussion Leader: Shehan Chandrasekera, CPA
