INTRO TO CRYPTOCURRENCY AND TAXES
What you'll learn
- A complete overview of what cryptocurrencies are and how it all works
- The key concepts and vocabulary for cryptocurrencies
- What is blockchain technology and how they function
- Why cryptocurrencies have Value
- How cryptocurrencies are taxed
- How are crypto-coins and crypto-tokens governed
- How crypto mining works
Many individuals, including CPAs and blockchain users, are unaware that cryptocurrency transactions can result in tax consequences, including tax liabilities. This course will teach you everything you need to know about reporting and filing taxes for cryptocurrencies, a new type of digital asset that is becoming more popular everyday.
There has been a 300% increase in jobs related to blockchain and cryptocurrencies since 2017 and the global blockchain market size is expected to grow to $60.7 billion by 2024. 90% of American and European banks are now exploring blockchain technology, and international businesses such as IBM, Facebook, Amazon, Walmart, Google, and Goldman Sachs are all investing in cryptocurrency. In 2014, the government began drafting regulations and publishing guidance to address the taxation of this new and unique digital asset.
In order to handle your clients’ cryptocurrency-related needs, you need to be familiar with the technology, its applications, and the terminology around it; understand existing and upcoming tax policies for cryptocurrency; and be aware of the methods and forms utilized by crypto-proficient CPAs. This course will cover all these topics. Whether you’re familiar with cryptocurrency or completely new to the world of blockchain, this course will equip you with the skills and knowledge necessary to confidently serve your clients.
Who this course is for:
- Anyone looking to understand cryptocurrencies
- CPA - small firm
- CPA - medium firm
- CPA - large firm
- Enrolled Agent
COMV productions has been producing high performing student focused educational content since 2011. Their combination of audible and visual learning has created award winning courses in a multitude of industries spread over a wide array of platforms.
From practical topics like Crypto-currency and Commercial Real-estate to conceptual topics such as financial independence and infant care. The COMV crew finds joy in the challenge of turning complex topics into simplified concrete metaphors that are easily digestible by students of all skill ranges.