Description:

Cryptocurrency taxation is a complex and rapidly evolving area, presenting challenges for investors, traders, and businesses. The constantly changing landscape of tax regulations surrounding digital assets can make it difficult to stay informed and compliant. Many individuals and entities operating in the cryptocurrency space struggle to understand the tax implications of their activities, leading to potential compliance issues and financial liabilities. Without a clear understanding of the latest developments in cryptocurrency taxation, individuals and businesses may unknowingly expose themselves to penalties and audits.

Join us for an illuminating webinar as we unravel the intricacies of tax regulations surrounding digital assets and explore the recent updates that could impact your financial strategies.

In this dynamic session, our expert speaker & tax attorney, Nicholas Preusch, CPA, JD, LLM will dissect the evolving landscape of cryptocurrency taxation, providing invaluable insights into the most recent updates and their implications for investors, traders, and businesses operating in the digital asset space.

From regulatory shifts to IRS guidance updates, Nick will cover a spectrum of topics designed to equip you with the knowledge and tools needed to navigate the complexities of cryptocurrency taxation with confidence.

Session Highlights:

• Exploring recent IRS guidance and regulatory developments related to cryptocurrency taxation.
• Understanding the tax implications of various cryptocurrency transactions, including buying, selling, trading, mining, and staking.
• Clarifying reporting requirements for cryptocurrency gains and losses on tax returns, including Form 8949 and Schedule D.
• Addressing common misconceptions and pitfalls in cryptocurrency tax compliance.
• Strategies for optimizing tax efficiency and minimizing liabilities in your cryptocurrency activities.
• Navigating the complexities of international cryptocurrency taxation and cross-border transactions.
• Exploring the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on cryptocurrency taxation.
• Leveraging cryptocurrency tax software and tools to streamline reporting and compliance.
• Understanding the potential implications of pending legislation and regulatory initiatives on cryptocurrency taxation.
• Best practices for record-keeping, documentation, and tax planning in the cryptocurrency ecosystem.

Learning Objectives:

The objective of this webinar is to equip participants with the knowledge and tools needed to navigate the complexities of cryptocurrency taxation, ensuring compliance with the latest tax regulations and optimizing tax efficiency in their cryptocurrency activities.

Whether you’re a seasoned crypto investor, a tax professional advising clients in the digital asset space, or a business incorporating cryptocurrencies into your operations, this webinar is essential for staying ahead of the curve in cryptocurrency taxation.

Who Should Attend

• CPA
• Accountants
• EA’s
• Tax Attorneys
• CFOs / CEOs
• Financial Compliance Professionals
• Tax Preparers

Speaker Profile:

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice and procedure. Currently Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as the Top 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and CPA Practice Advisor’s Top 40 Under 40. He is a member of the VSCPA’s Tax Advisory Committee and Ethics Committee, and the AICPA’s Tax.