Don Farmer's 2024 Virtual Currency Taxation Essentials
Available Until Dec. 31, 2025
Online
1.00 Credits
Member Price $45.00
Non-Member Price $45.00
Overview
As digital assets like cryptocurrency, NFTs, and staking rewards become more common, tax professionals must stay ahead of evolving regulations. This 1-hour intensive course equips CPAs, tax preparers, and financial professionals with the essential knowledge needed to accurately report and advise clients on crypto taxation, deductions, and compliance.
Gain a clear understanding of key tax concepts such as capital gains, FIFO vs. specific identification, Form 1099-K & Form 8300 reporting requirements, look-through analysis, and theft/worthlessness deductions. You'll also explore the implications of hard forks, staking rewards, and digital asset transactions to ensure your clients stay compliant while maximizing tax benefits.
Delivery Method: QAS Self-Study
CPE Credit: Taxation
Program Level: Update
Highlights
- Definition and Basics of Virtual Currency
- Cryptocurrency and Blockchain Technology
- Tax Treatment of Virtual Currency
- Reporting Requirements
- Special Circumstances in Cryptocurrency
- Digital Asset Infrastructure and Legal Framework
- Losses and Deductions
- Valuation of Cryptocurrency
- Future Compliance and Changes
Prerequisites
None
Designed For
Tax professionals
Objectives
- State which virtual currency transactions result in gains and losses for the taxpayer
- Identify the reporting treatment of certain virtual currency transactions
Preparation
None
System Requirements:
This course contains streaming video and audio. To ensure an optimal experience on your computer or mobile device, disable pop-up blockers in your internet browser.
If you have any other questions, the VSCPA is happy to help! We're available Monday – Friday from 9 a.m. – 5 p.m. ET. Please call (800) 733-8272 or email cpe@vscpa.com.
On-Demand Refund Policy: VSCPA will refund your course fee if you have registered for an on-demand course and found it unsatisfactory, provided that you have not taken the Final Test and your refund request is submitted, within 30 days of registering for the course, by email addressed to cpe@vscpa.com or by calling (800) 733-8272. It is assumed that after 30 days, you are satisfied with the materials and service. For more information regarding refund, complaint, program cancellation or other policies, visit vscpa.com/CPEPolicies.
Notice
Delivery Method: QAS Self-Study
Leader(s):
Leader Bios
David Peters, Founder & Owner, Peters Tax Preparation & Consulting
David Peters, CPA, CFP, CLU, CPCU, MST, MBA, is the founder and owner of Peters Tax Preparation & Consulting in Richmond, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry. David was the first-ever chief financial officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and was a recipient of Surgent’s Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs (SCACPA) and was a recipient of The American College’s 2019 NextGen Financial Services Professional Award. He holds four master’s degrees. He contributes regularly to various CPA publications, including the North Carolina Association of CPAs’ (NCACPA) Interim Report, SCACPA’s CPA Report and the Virginia Society of CPAs’ (VSCPA) Disclosures. He was also a co-author of the 2018, 2019 and 2020 versions of the Virginia-Specific Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia.
Non-Member Price $45.00
Member Price $45.00