Virtual Currency: A Simple Approach and Overview (Completed)
Date: Wednesday, July 15, 2026
Instructor: A.J. Reynolds
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Virtual currency and cryptocurrency are no longer niche—they’re mainstream, and tax professionals must understand the rules. This course provides a clear, practical approach to navigating the complexities of digital assets, blockchain transactions, and IRS compliance requirements.
You’ll learn how to interpret IRS notices, revenue rulings, and FAQs, apply the 18 tax principles for cryptocurrency, and identify common taxable events. We’ll also cover FinCEN regulations, Form 8938 requirements, and best practices for integrating virtual currency compliance into your tax practice.
If you want to eliminate uncertainty and confidently advise clients on cryptocurrency taxation, this session is a must-attend. Register now and gain the expertise to handle virtual currency with clarity and precision
Who Should Attend
All Tax professionals needing a great overview of the complex topic of virtual currency.
Topics Covered
- What's Virtual Currency?
- Form 1040 Digital Assets Question
- Vocabulary
- The Blockchain
- Mining aka Staking aka Validating
- Blockchain Explorers
- IRS Guidance & Compliance Efforts
- Guidance
- 18 Tax Principles
- Common Crypto Transactions
- Recommended Conversion Platforms
- Cryptocurrency Earned Income
- FinCEN & Form 8938
- Virtual Currency Best Practices for Your Tax Office
Learning Objectives
- Define virtual currency and interpret key crypto terminology
- Identify and translate crypto's vocabulary
- Apply IRS guidance, including notices, rulings, FAQs, and Infrastructure Bill updates
- Explain the 18 tax principles governing cryptocurrency transactions
- Identify common taxable events in cryptocurrency activities
- Evaluate FinCEN regulations and Form 8938 reporting requirements
- Develop best practices for virtual currency compliance in tax offices
- Create engagement letters tailored for cryptocurrency clients
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
