The IRS and U.S. Treasury have released final digital asset tax reporting regulations, confirming that digital assets are treated as property for federal tax purposes and that taxpayers must accurately report all digital asset activity on their tax returns. Despite this guidance, unresolved issues related to valuation, transaction tracking, and reporting continue to create uncertainty for both taxpayers and their advisors.

As crypto assets become increasingly common in personal and professional use, this course addresses ongoing compliance challenges, reporting ambiguities, and common client issues. Participants will gain a clearer understanding of digital asset transactions and practical, actionable guidance to help navigate this fast-moving and complex tax landscape with confidence.

Session Highlights: 

• Taxation of crypto assets
• Understanding the New Digital Asset Broker Reporting Rules
• How does the federal tax code treat digital assets?
• Federal taxation vs. international taxation of digital assets
• State taxation vs. federal taxation of digital assets
• Identify IRS guidance on digital assets as well as open issues and how to deal with them
• Evaluate the impact of Form 1099-DA and other compliance obligations.
• IRS reporting requirements, including Form 1040 disclosures
• Explain the tax treatment of mining, staking, hard forks, and losses
• Describe questions to ask clients who invest in digital assets to best ensure they are following proper tax compliance
• Identify legislative proposals on taxation of digital assets and why offered

Learning Objective:

• Regulatory Updates: The latest on regulations, Executive Orders, and the current state of the rules.
• Industry Focus: Where the industry has concentrated its efforts and the progress made.
• Global Requirements: An overview of international standards and compliance.
• Future Expectations: Closing thoughts on the evolving nature of digital asset reporting.
• Understanding the Role: What is expected from a crypto tax technician in today’s landscape.

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners