Crypto-Currency and the New Economy
seminarProduct Description
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.
Attendee Requirements
Dress warmly in layers as the room may be cool.
The registration fee includes: light breakfast, highlighter pen, notepad, printed reference manual, lunch and downloadable E-Book.
Location Details
Address(es):
TaxSpeaker
4403 Hamburg Pike
Suite A
Jeffersonville, IN 47130
Prerequisites
NoneField of Study
Taxes-8.00Hours
8NASBA Categories
TaxesCourse Level
IntermediateCourse Objectives
This class in Part 1 should enable the student to understand the terminology used in cryptocurrency taxation. It then guides the student through the individual tax aspects of sales, purchases, mining, accepting crypto as business revenue, staking, lending and more. Using case studies, it illustrates tax returns prepared for individuals, businesses, NFT creators and sellers and more. It shows how clients invest in and report crypto activities. We also provide a thorough review of IRS guidance. Part 2 is a complete guide to IRS and business security issues provides written checklists, policies and letters for compliance. It also discusses various exposures from internet, physical and catastrophic issues and then provides clear guidance for eliminating or mitigating those losses, whether from hackers, thieves, solar storms, EMP, fires, floods, employees and many other situations. .Part 3 explains the correct tax reporting for consumer based tax issues such as Social Media income, Air BNB, Uber, Turo and many more consumer income activities
Speaker Details
Bob Jennings CPA, EA
Terry Bakker CPA, EA
Disclaimer
Fees and Schedule All Jennings Sponsored Group-Live 8 hour seminars begin promptly at the stated time, break for 30 minute lunch, have 2-10 minute breaks and end promptly at the stated time.
Cancellation, Transfer and Refund Policy
For Individual Seminar Purchase (not in any Seminar Package)-Registration fees will be refunded in full for up to 30 days in advance of the seminar. Registrations cancelled between 1-30 days prior to the seminar date are subject to a $50 cancellation fee.
For more information regarding administrative policies, complaints and refunds please contact us at 877-466-1040 or visit www.taxspeaker.com. NO REFUNDS WILL BE ISSUED AFTER THE SEMINAR BEGINS. NO EXCEPTIONS. Please call us at 877-466-1040 for auxiliary aid needs.
Continuing Education
Jennings Advisory Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor #108251
Jennings Advisory Group, LLC has entered into an agreement with the Return Preparer Office,Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Return Preparer office as to the quality of the program or its contribution to the professional competence of the enrolled individual. IRS Sponsor Number 5KBKR.
ALL OF OUR TAX COURSES HAVE IRS APPROVAL UNLESS OTHERWISE NOTED**
