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Free cpe webinars
Cryptocurrency Taxes: How to File 1040 Tax Returns that Include Cryptocurrency

CRYPTOCURRENCY TAXES: HOW TO FILE 1040 TAX RETURNS THAT INCLUDE CRYPTOCURRENCY

Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

The cryptocurrency market is rapidly growing, while the IRS invests its efforts in taxpayers' crypto reports examination and compliance. Tax professionals can provide clients with IRS-compliant tax reports without basic knowledge in cryptocurrencies. This webinar will cover everything tax professionals need to know for crypto tax filing in this upcoming tax season.

Learning Objectives:


  • Identify main IRS guidelines for cryptocurrency as assets and taxable events 

  • Recall how to treat trades, property, goods, services, gifts, and charity

  • Recall IRS forms requirements and the IRS's approach for discrepancies in the report

  • Recall examination, audit trail, records, and materials

  • Identify how to determine the client's best calculation method

  • Determine the cost basis for crypto-tax calculation and the client's calculation process

  • Recall FIFO vs. specific identification

  • List of information items required before starting the filing process

  • Identify how clients can easily create a Form 8949 using automatic tax calculation software and how to deal with a client's missing information

  • Recall SurePrep 1040SCAN automation for Bittax's 8949 reports 

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Gidi Bar-Zakay is the Founder and CEO of Bittax, a cryptocurrency tax calculation platform designed to meet the highest tax regulation standards.

Mr. Bar Zakay, a former deputy director of the Israeli Tax Authority, was responsible for tax legislation and policy during his tenure. Mr. Bar Zakay is a Director of the Israeli CPA Association and a Taxation Program expert lecturer for various Israeli academic institutions.
 

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Greg Pope

SurePrep
Vice President of Marketing
gpope@sureprep.com
(949) 863-2500

Surprep

Greg Pope is the Vice President of Marketing for SurePrep, LLC and directs the planning, design, and implementation of all customer-facing marketing programs and assets. Greg champions the SurePrep brand to ensure sales, marketing, and communications reflect the company’s message, positioning, and visual identity. Before joining SurePrep in March of 2008, Greg spent eight years at Wolters Kluwer Tax and Accounting. Greg has more than twenty years of sales and marketing experience in the tax and accounting industry.

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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Presentation Slides
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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Sponsor

Surprep
SurePrep is the leader in 1040 productivity for CPA firms. We deliver seamless integration with your existing tax software to automate and streamline the entire 1040 process for both the taxpayer and CPA. Our solutions are used by more than 19,000 tax professionals ranging from Big 4 firms to sole practitioners to reduce administrative costs, automate workpaper preparation, maximize review efficiency and improve client service. For more information visit www.sureprep.com.