State Taxation of Virtual Currency: Sales Tax and Other Implications of Cryptocurrency Transactions
Mining Virtual Currency, Accepting as Payment, Policy Considerations for Applying Sales Tax
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax professionals and advisers guidance on the state taxation of virtual currency. The panel will discuss state tax implications of selling cryptocurrency, accepting this new kind of virtual money as payment, the application of sales tax and planning techniques to minimize tax liability.
Outline
- Overview of federal taxation of virtual currency
- State conformity to IRS treatment of virtual currency
- Sales taxation of Bitcoin and other cryptocurrency
- Tax implications of accepting virtual currency as payment for goods or services
- Key considerations and tax planning techniques to minimize state tax liability on transactions involving virtual currency
Benefits
The panel will discuss these critical areas:
- IRS treatment of virtual currency and current state regulations
- Sales tax implications of accepting virtual currency as payment
- Mining virtual currency and challenges for investors
- Minimizing state tax liability in virtual currency transactions
Faculty

Christopher Beaudro
Atty
Eversheds Sutherland (US)
Mr. Beaudro serves clients in various capacities regarding their state and local tax needs, including counseling on... | Read More
Mr. Beaudro serves clients in various capacities regarding their state and local tax needs, including counseling on state sales and income tax audits, refund claims and assessments, corporate restructurings, and stock and asset purchase agreements. He regularly advises on multistate income and franchise tax issues, including income apportionment planning and how state and constitutional nexus standards apply to software as a service (SaaS) providers and other technology-based service businesses. He also frequently counsels clients on sales and use taxes, credits and incentives, and property taxes.
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