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Tax Compliance for Bitcoin and Virtual Currencies for Small Firms

TAX COMPLIANCE FOR BITCOIN AND VIRTUAL CURRENCIES FOR SMALL FIRMS

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 7, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
Other
Course Description

Global uncertainty over the last year and a half has made cryptocurrencies like Bitcoin and Dogecoin skyrocket in popularity and value. These new virtual mediums present alternative methods to buying and saving, but how do they impact taxes? The IRS estimates 18-21 million taxpayers will need to consider crypto when filing their returns, and firms need to be armed with the knowledge and tools to navigate the new world of crypto compliance.

Join Shaun Hunley and John Wandrisco for an expert discussion on navigating the compliance complexities of cryptocurrency. Our cryptocurrency experts will provide you with insight into the world of virtual currencies so you can better serve your clients.

Learning Objectives: 


  • Identify the tax consequences of cryptocurrency

  • Define solutions on specific issues, like the dreaded virtual currency question on the 1040 form

  • Determine how to avoid the crypto digital shoebox

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Shaun Hunley is an author and executive editor of PPC products for the Tax Professionals business of Thomson Reuters. His articles can be found in PPC’s Practitioners Tax Action Bulletins, which is available on Checkpoint. Before joining Thomson Reuters, Mr. Hunley spent over 10 years with national accounting firms.

Early in his career, Mr. Hunley led research and development tax incentive studies for Fortune 500 companies. He then specialized in tax due diligence, corporate restructurings, and international tax compliance and planning. Mr. Hunley also has extensive experience advising small businesses and closely held companies on various tax matters. Mr. Hunley received a J.D. from Texas Tech University School of Law and an LL.M. in Taxation from New York University School of Law.
 

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John Wandrisco

Verady
Chief Commercial Officer

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John Wandrisco leads the Tax & Accounting firm operations at Verady and has 20+ years of experience in Tax Technology. In this role, his focus is to help individuals, businesses, and professionals with the tools and technology to integrate crypto into their tax and accounting processes.

John has a BBA in Accounting from the University of Texas, San Antonio. He lives in Flower Mound, Texas, with his wife and two kids, enjoys spending time with his family, various outdoor activities, and traveling in his free time.

About Our Presenter

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Thomson Reuters (TSX/NYSE: TRI) (“TR”) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news. For more information, visit tr.com.