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 a tax and bankruptcy attorney representing individuals and businesses (ranging in size from small to middle-market) in complex tax, bankruptcy and commercial litigation matters throughout California and New York. She has lectured on tax controversy issues involving collection and bank...