Webinar: What Exactly is Bitcoin & forms of Cryptocurrency? What Every Tax Advisor Needs to Know

Dec 19, 2017 02:00pm -
Dec 19, 2017 03:00pm

Event Description

 

What Exactly is Bitcoin and other forms of Cryptocurrency? 

What Every Tax Advisor NEEDS 

to Know About 21st Century 

E Money

 

Presented by: 

David W. Klasing Esq., M.S.-Tax, CPA 

Program Description

This program will enable tax practitioners to advise clients whom have mined, sold or exchanged cryptocurrency to properly report for tax purposes.   It will also make practitioners aware of the potential legal complications for clients that go beyond simple investing in cryptocurrency by selling or exchanging directly with multiple third parties or taking actions akin to making an initial coin offering or opening an e money brokerage.  Taxpayers that go beyond simple investing for their own account through established cryptocurrency brokerages could find themselves facing a multitude of uncoordinated federal and state regulation and sporadic criminal and civil enforcement actions  by the following federal and state agencies:  FinCen, SEC, FBI, California Commission of Business Oversight, California Digital Currency Business Enrollment Program,  New York regulation of Virtual Currency by the Superintendent of Financial Services,  U.S. Department of Justice Global Illicit Finance Team consists of Investigators from the U.S. Attorney's Office, Secret Service, Immigrations and Customs, Dept. of Justice's Asset Forfeiture and Money Laundering Section, FINRA and the FTC.        

 

Learning Objectives

  • Learn how investments in cryptocurrency are taxed
  • Learn if Code Section 1031 is available for cryptocurrency
  • Learn if FBAR reporting is required for cryptocurrency
  • Learn if what types of criminal enforcement have involved cryptocurrency broker dealers and facilitators 
  • Learn how Cryptocurrency can run afoul of antimony laundering, Dodd Frank Act Violations and bank secrecy regulation
  • Learn when a cryptocurrency brokerage may be considered to be issuing securities which requires registration with the SEC as a broker dealer or as an alternate trading system
  • Learn why FinCen is showing a special interest in Cryptocurrency
  • Learn why cryptocurrency can be considered a commodity requiring registration under the Commodity Exchange Act.
  • Learn of the potential criminal tax penalties and federal regulatory criminal exposure that cryptocurrency brokerages can potentially face 

 

Date & Time

Tuesday, December 19, 2017                                                                

2:00 p.m. - 3:00 p.m. Eastern (11:00 a.m PT)

Education

NASBA-approved for 1.0 CPE credit in Tax; 1.0 (M)CLE credit*
 

Cost

Education Credit*: AAA-CPA Members $15.00; Non-Members $30.00

Non-Education Credit (Listen-Only): AAA-CPA Members: FREE; Non-Members $25.00 

Registration  

Registration is available at www.attorney-cpa.com or by phone at 888-ATTY-CPA ext. 2. The webinar information and materials for the program will be sent via email one day prior to the program. Requests for refunds must be received in writing by December 16, 2017 and will be subject to a $5.00 cancellation/administration fee. For information on the cancellation policies, please contact our office at 888-ATTY-CPA ext. 2.

 

Additional Information

Delivery Method: Group-Live

Program Level: Update

Prerequisites: None

Advanced Preparation: None

Who Should Attend? Attorneys, CPAs, Business Professionals

About the Presenter

David W. Klasing Esq. M.S.-Tax CPA

David W. Klasing is an attorney and CPA with over 20 years of professional tax, accounting and business consulting experience, with dual licenses to practice law and public accounting in California. Klasing practices in the areas of domestic and international taxation (compliance, civil and criminal controversy, and transactional), business law and estate planning. He recently chaired the State Bar of California Tax Procedure and Litigation Committee and the Orange County Bar Association's Taxation Section. He is a member of the American Bar Association and CalCPA. Klasing earned his bachelor's degree from California State University, Los Angeles; his master's degree in taxation from Golden Gate University; and his juris doctor degree from Western State University College of Law. Click here to read David's full biography. 

AAA-CPA continuing education programs are designed to meet the needs of Attorneys and CPAs and to qualify for credit both as CPE and CLE. Of course, the decisions of various state authorities determine the actual credit granted. There are no prerequisites or advance preparation requirements for this course. The American Academy of Attorney-Certified Public Accountants, Inc. (AAA-CPA) 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.nasba.org*(M)CLE varies by state. Though we are accredited for (M)CLE in PA they will not accept Study Groups for credit. If you require (M)CLE in a specific state, please send a request to studygroups@attorney-cpa.com and we will do our best to arrange for credit. Please note that most state bars will accept our Certificates of Attendance sent in by the attorney and NOT charge a fee. A general Certificate of Attendance will be made available for those professionals who feel the program satisfies their continuing education requirements and are able to self-file. It is the responsibility of the attendee to determine whether their state, discipline, or designation will allow one to self-file for a distance-learning program. 

 

         

 

   

 


Event Type:Study Group
Early registration ends on Sep 30, 2017.
Regular registration starts on Oct 01, 2017 and ends on Dec 18, 2017.
Late registration starts on Dec 19, 2017.