Digital Assets - What to Ask Clients and What To Do with the Answers
Author: Annette Nellen
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
A review of IRS guidance on the taxation of digital assets, where issues remain, and how to deal with uncertainty and client reporting problems.
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 cardPublication Date: January 2026
Designed For
Practitioners interested in understanding tax rules applicable to various digital asset transactions and a set of questions that can help them to help clients be in compliance in reporting their digital asset transactions.
Topics Covered
- What are digital assets?
- Why do people own digital assets?
- What guidance has the IRS issued on the taxation of digital assets?
- What are some open issues and are there legislative proposals to address them?
- How can I get the necessary information from clients to help them properly determine the tax treatment of their digital asset transactions
Learning Objectives
- 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
- 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
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Understanding of basic guidance on virtual currency, such as Notice 2014-21 and familiarity with the basics of how virtual currency functions and is transferred.
Advance Preparation
None
