Course Details
Demystifying Accounting for Blockchain, Cryptocurrency, and NFTs
Course ID#: 457 | Short Title: Crypto, Blockchain and Taxes | Category: Blockchain
Course Description
For accounting and tax professionals, understanding the inner workings of blockchain and cryptocurrency is no longer just an advantage—it’s a necessity. This course provides an in-depth look into the mechanics of digital currencies and revolutionary blockchain technology, equipping attendees with the knowledge to navigate benefits and risks effectively. Special emphasis is placed on the tax implications for both individuals and estates, ensuring that attendees can confidently advise on these issues, which are becoming increasingly relevant in financial planning and asset management.
This offering is more than just a learning experience; it’s an investment in one’s professional growth. By understanding the tax complexities and estate planning challenges posed by digital assets, participants will be able to offer valuable insights and strategic solutions. They will emerge from this course not just with theoretical knowledge but with actionable skills that can be applied immediately. In a landscape where digital assets are becoming commonplace, this is the education that will differentiate the exceptional from the average. Join today and step into a role as a leader in finance for the digital age.
Major Topics
- Understanding Blockchain and Cryptocurrency
- Major Features, Benefits and Risks of Blockchain and Cryptocurrency
- Tax Strategies for Cryptocurrency Transactions and Compliance
- Implementing Blockchain in Business Accounting Systems
- Navigating Estate Planning with Digital Assets
Who Should Attend
Accountants and financial advisors eager to navigate crypto taxation and estate planning should attend.
Learning Objectives
- Identify key characteristics and functions of major cryptocurrencies currently in use.
- Explain the influence of blockchain technology on today’s business environment and accounting practices.
- Assess the organizational impact of blockchain and cryptocurrency, focusing on tax and accounting issues.
- Apply strategies to calculate and track the historical cost and fair market value of cryptocurrency investments.
- Implement tax planning techniques for cryptocurrency transactions to optimize personal tax liabilities.
- Design estate plans that effectively incorporate cryptocurrency and NFT holdings for clients.
Course Specifics
Level |
Advanced Preparation |
Prerequisites |
Recommended Duration |
---|---|---|---|
Basic | None | None | 200 Minutes |
CPE Credit Recommendations
Primary
|
Primary
|
Secondary
|
Secondary
|
---|---|---|---|
Information Technology | 2 | Taxes | 2 |
Created and Updated Dates
Creation Year |
Update Year |
Update Date |
---|---|---|
2024 | 2024 | 01/26/24 |
© Copyright 2024 Stephen M. Yoss. All Rights Reserved.
No part of these CPE courses may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the author, except for noncommercial uses permitted by copyright law. For more information about this course or any other of Stephen’s content, please visit https://yoss.io