Course Description
The purpose of this webinar is to explore the Indirect Methods for analyzing virtual currency and cash-based businesses. This session will teach you techniques for uncovering unreported income.
You will learn about the new digital world that involves virtual currency, cellphone transfers, EFTs, PayPal, and Web Money. Much of this information has been gleamed from the IRS Auditors’ Study Manual known as the Audit Technique Guide. So, strap yourself in and prepare to learn something interesting.
By the end of this course, you will be able to:
- Utilize techniques for uncovering unreported income.
- Identify the distinctions between cash transactions, virtual currency, cellphone transfers, EFTs, PayPal, and Web Money.
- Help your clients accurately report their taxable income from these sources.
- Explain how barter and cryptocurrency are finding common alliances.
Affilliation
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Drake Software is an IRS-qualified sponsor of continuing professional education.
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Drake Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.learningmarket.org.
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Drake Software has been approved by the California Tax Education Council to offer the Hidden World of Virtual Currency & Cash Intensive Businesses, CTEC # 3038-CE-0275, which provides 1 hour of federal credit and 0 hours of state credit towards the annual continuing education requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, at (877) 850-2832, or at www.ctec.org.
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Drake Software is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program.
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Course Policies
Send cancellation requests to Support@DrakeCPE.com. Requests must be made within 30 days of purchasing the course. To be granted a full refund, you must not have completed and earned continuing education for the course. No refunds will be issued after the course expiration date. For more information regarding the refund policy or to address concerns or complaints regarding courses, contact the DrakeCPE support team at Support@DrakeCPE.com.
