CPAacademy.org | CRYPTOCURRENCY TAX COMPLIANCE AND ENFORCEMENT

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CRYPTOCURRENCY TAX COMPLIANCE AND ENFORCEMENT

Cost Free

CPE Credits 1.0 hour

Subject Area 1.0 - Taxes (Federal Tax Update)

CE Credits 1.0 hour

Course Id# - HURS9-U-00249-18-O

Course Level Basic

Instructional Method Group Internet Based

Prerequisites None

Advanced Preparation None

Who Should Attend CPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other

Series: Blockchain and Cryptocurrency, Enrolled Agents, Taxes

Course Description

There are numerous tax compliance and enforcement issues related to cryptocurrency, resulting in a complex legal framework for taxpayers attempting to invest and use cryptocurrency in their daily lives. With the recent DOJ enforcement activities and the IRS guidance from 2014 seeming a bit stale, practitioners should anticipate additional IRS and DOJ activity in this area.

This program will discuss the following:

The evolution and impact of cryptocurrency (including Bitcoin) and Blockchain technology.

The IRS treatment of cryptocurrency and related compliance issues.

The impact of the Tax Cuts and Jobs Act on the tax treatment of cryptocurrency.

Legislative and administrative proposals to address cryptocurrency compliance concerns for taxpayers.

IRS and DOJ enforcement activities with respect to cryptocurrency.

Options for taxpayers with unreported cryptocurrency gains, including voluntary disclosure.

Joshua Wu

Latham & Watkins LLP
Counsel
joshua.wu@lw.com
(202) 637-3376

Joshua Wu, a former Deputy Assistant Attorney General (DAAG) for Appellate and Review in the Tax Division of the US Department of Justice (DOJ), counsels and advocates for companies and high-net-worth individuals on all aspects of tax controversies and litigation. Mr. Wu advises on tax accounting disputes, corporate and partnership transactional issues, international questions, employee benefits matters, and tax-exempt controversies. He brings a unique knowledge base and skill set to his clients, drawing on his experience both in senior leadership roles in the DOJ’s Tax Division and private practice.

Most recently, when Mr. Wu served as DAAG, he oversaw virtually all appeals in civil federal tax cases throughout the country and managed a 40-lawyer team. He also represented the United States in oral appellate arguments, evaluated and approved significant civil settlement offers, and furnished advice to the Tax Division’s trial sections in complex tax cases.

Mr. Wu previously served as DAAG for Policy and Planning, where he led the Office of Management and Administration (OMA) at DOJ. In that role, he led the operational functions of the Tax Division and led the Office of Legislation and Policy, which works with the Department of Treasury, the IRS, and other agencies on legislative, regulatory, and policy initiatives. Before his government service, Mr. Wu was a partner at a large international law firm.

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