Crypto Currency and the New Economy

This new course for 2022 will begin by explaining major crypto-currency concepts and then going knee-deep into tax compliance and reporting issues, while including dozens of examples and completed forms. We will discuss and explain crypto, NFT’s, staking, nodes and lending and more while also discussing FBAR and FATCA issues.

We will then review the latest technology changes affecting tax offices while keeping an eye on, and providing guidance and recommendations for security in the tax office.

The last portion of the day will be devoted to discussing and illustrating tax reporting for emerging tax issues such as social influencers, consumer-to-consumer sellers, personal asset rentals and service based activities. At the conclusion of the class the student will be able to identify major tax issues in order to cpmply with IRS guidance while preparing these returns.