As the Internal Revenue Service (IRS) steps up with its tax enforcement for cryptocurrencies, it is important that you have a clear idea of what the reporting requirements are for cryptocurrency ownership and exchanges, and what valuation issues might arise from these transactions.
Join this session with taxation attorney Haleh Naimi, who will address some of the legal and tax issues affecting investments and transactions in cryptocurrencies and tokens. Naimi will present you with key technical concepts in understanding Bitcoin and Blockchain technology. You will get a review of federal tax reporting and compliance obligations for transactions involving cryptocurrency.
This session will help you answer the following questions:
What are the reporting requirements for ownership of cryptocurrency?
Can taxpayers utilize section 1031 exchange treatment for cryptocurrencies?
What are the income tax reporting requirements for cryptocurrency exchanges?
What valuation issues might arise from these transactions?
What are the limitations on loss recognition on cryptocurrency transactions and exchanges?
How can taxpayers come into compliance with their reporting requirements to avoid penalties?
NASBA & IRS Category of Study: Taxes
Who Should Attend
This webinar will provide valuable assistance to all personnel in:
Haleh Naimi is the managing shareholder of the law firm of Advocate Solutions, Inc., which received the award Tax - Law Firm of the Year 2016 and 2017 by Lawyer Magazine. She specializes in tax and bankruptcy law representing individuals and businesses (ranging in siz...