Cryptocurrencies, NFTs and Other Digital Assets have taken the world by storm. As topsy-turvy as it all may seem, these technologies are apparently here to stay. IRS doesn’t like or trust crypto activity, so IRS has drawn a hard line in the sand (and taxpayers don’t like it). What do the courts have to say so far about all of the chaos?

1. Answering IRS’s pesky Form 1040 virtual asset question – How the question keeps changing (again for 2022) – What we must know

2. The basics of income taxation and estate and gift taxation of crypto

3. What exactly are “crypto”, “NFT” and other digital assets – How does it all work?

4. Are cryptomining and staking awards taxable income at the time earned?

5. The moving target of all-new IRS and FinCEN cryptoinformation reporting rules

6. The wash sale and constructive sale rules (or the lack thereof) for digital assets

7. Harvesting (through the tears) digital losses for tax purposes – a/k/a The tax opportunities of volatility

8. Charitable contributions of crypto– Steps in the process you cannot miss

9. Tokenized interests in real estate – E.g., The Brooklyn neighborhood renewal project

10. How  digital assets cause wrinkles estate planning – And how to iron them out

Bewildered by the crypto revolution?

This course makes the taxation of digital assets understandable.

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 39 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

Host: Rick Telberg

 

• Founder and CEO CPA Trendlines, Bay Street Group
• Accounting Today Top 100
• CPA Practice Advisor Top 25

Host: Sandi Leyva

 

• Founder Accountant’s Accelerator, Leyva Learning, LLC
• CPA Practice Advisor Top 25
• Most Powerful Women in Accounting