Crypto Currencies & Taxes 2025 Update
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Are you interested in how cryptocurrencies were developed and how they work? Does blockchain technology provide sufficient security for cryptocurrencies? What are the advantages and disadvantages of using cryptocurrencies? What are the tax consequences of investing in cryptocurrencies or using them for personal or business transactions? This course is designed for individuals who would like to obtain a basic understanding of crypto currency. The course will cover the history of virtual currencies and explain how they work. We will review some of the legal issues involved with virtual currencies. The course will cover the advantages and disadvantages of using virtual currencies. We will review the IRS rules for tracking and reporting crypto currency transactions for tax purposes.
Publication Date: July 2025
Designed For
This course is appropriate for CPAs, CFEs, CMAs, CIAs, CFFs, CVAs, CGMAs, CIAs, CFFs, MAFFs, managers, business owners, investors, and anyone else interested in learning about virtual currencies.
Topics Covered
- Virtual Currencies
- What is Crypto Currency
- Crypto Tokens
- Blockchain
- History of Bitcoin
- Other Digital Currencies
- Stablecoins in the News
- Initial Coin Offerings
- Virtual Currency Wallets
- Virtual Currencies and Taxes
Learning Objectives
- Define crypto (virtual) currency
- Identify the tax implications of using or investing in crypto currency
- Identify new tax changes
- Identify the federal agency that wants to regulate initial coin offerings (ICO)
- Identify the type of virtual currency wallet that is the safest from online hacking
- Identify how the IRS requires virtual currencies to be reported
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic Understanding of Crypto Currency
Advance Preparation
None
