Overview of Taxation with Cryptocurrency

CPE Available

This course provides an overview of the current taxation rules for common cryptocurrency-related transactions. This course is designed for CPAs who want to develop a higher level of understanding of current cryptocurrency taxation. The knowledge gained will help professionals better serve clients who own and invest in cryptocurrency.

Major Topics Covered

  • Understanding the basic tax principles and how to apply them to cryptocurrency transactions.

  • How and when taxation occurs on cryptocurrency.

  • How to precisely identify and track cryptocurrency exchange.

  • Recognizing and addressing the challenges of working with clients who own cryptocurrency.

  • Determining taxable transactions with NFT.

Learning Objectives

  • Recognize which asset class cryptocurrency belongs to.

  • List when and how cryptocurrency is taxed.

  • Identify current rules and common methods for documentation of cryptocurrency transactions.

  • State the tax implications of converting cryptocurrency from one coin to another.

  • Instructional Delivery Method

    Self-Study (On-Demand Video Training)

  • Field of Study

    Taxes

  • Program Knowledge Level

    Overview

  • Prerequisites

    None

  • CPE Hours

    1.0 CPE

Meet Tom Wheelwright

CPA, Entrepreneur, Best Selling Author, Rich Dad Advisor® & International Authority on Tax

Tom Wheelwright, CPA is the visionary and best-selling author behind multiple companies that specialize in wealth and tax strategy. Tom is also a leading expert and published author on partnerships and corporation tax strategies, a well-known platform speaker and a wealth education innovator.

Tom is a regular commentator in the field of taxes and contributes regularly to major professional journals and online resources. Tom’s work has been featured in hundreds of media, including Forbes, The Huffington Post, Accounting Today, CFO Magazine, ABC News Radio and AZTV Morning News, along with writing columns for Entrepreneur Magazine and Inman News. 

Tom is a global speaker on tax and wealth strategies for small businesses and investors. Since 2011, Wheelwright has been a keynote speaker at Rich Dad conferences worldwide on six continents (Africa, Asia, Australia, Europe, North America, and South America) with Robert Kiyosaki (Author, “Rich Dad Poor Dad”). 

 In 2017, interest in Tom’s approach to tax reduction and wealth-building became so great that Tom needed more than 1 CPA firm to properly serve each client. 

Tom created an education company:  WealthAbility® with the mission to educate more entrepreneurs and investors than ever before.  To service those customers, Tom premiered the WealthAbility® Network of tax professionals trained and certified in Tom’s concepts and practices. 

Course Curriculum

  • 1

    Overview of Taxation with Cryptocurrency

    • Overview of Taxation with Cryptocurrency

    • Overview of Taxation with Cryptocurrency - Part 1

    • Engagement & Review Question (Required for CPE)

    • Engagement & Review Question (Required for CPE)

    • Engagement & Review Question (Required for CPE)

    • Overview of Taxation with Cryptocurrency - Part 2

    • Final Exam (Required for CPE)

Overview of Taxation with Cryptocurrency

Develop a higher understanding of the current taxation rules for cryptocurrency transactions