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.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 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
Publication Date: July 2026
Designed For
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
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
A.J. Reynolds
Recipient of the 2024 Excellence in Education Award from the National Association of Enrolled Agents.
A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues.
A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals.
A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving for five years in the United States Navy onboard the Guided Missile Destroyer USS Callaghan. While onboard the destroyer, the ship executed many missions in the Straits of Hormuz off the coast of Iran.
Outside of his tax practice, A.J. is a member of the Diocese of Sioux City Priests’ Pension & Welfare Board and the Investment Advisory Board for the Diocese. When not working, his time is spent in various activities, including traveling with his wife and their two children.