Course Description
It’s in the news, it’s on you mind, it will be a growing concern for your clients.
You are more likely than ever to encounter clients who have engaged in one or more virtual currency transactions during the year and who may have taxable income as a result. We’ll look at the nature of virtual currency and the tax implications for your clients.
After completing this course, you should be able to:
- Recognize the methods of obtaining and storing virtual currency;
- Describe how transactions involving virtual currency work;
- Understand the basic nature of blockchains;
- Apply the existing U.S. tax laws to virtual currency transactions; and
- Identify when and where to report taxable virtual currency events and transactions.
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 Virtual Currency course, 3038-CE-0267, which provides 2 hours 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.