Tax Implications of Cryptocurrency Mining: IRS Guidance, Entity Structures, Tax Traps, Identifying Taxable Events

A live 90-minute premium CLE/CPE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
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Thursday, April 13, 2023

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE/CPE webinar will provide tax counsel, accountants, and other advisers with a critical analysis of IRS tax treatment of cryptocurrency mining and reporting obligations. The panel will discuss the IRS position on the tax treatment of cryptocurrency, analyze IRS monitoring to increase compliance, and outline proper reporting for mining cryptocurrency and transactions.


Entrepreneurs and investors continue to dive into the virtual currency market by structuring or investing in cryptocurrency mining businesses. However, the IRS continues to press concerns over the under-reporting of income from cryptocurrency transactions. Tax advisers for clients involved in cryptocurrency mining must understand the reporting and compliance requirements for those transactions.

Cryptocurrency is a digital currency using encryption techniques--rather than a central bank--to generate, exchange, and transfer currency units. The mining of cryptocurrency is how new virtual currencies are placed into circulation and the verification and addition of transactions to the blockchain public ledger. Typically, cryptocurrency miners are compensated via virtual tokens and currencies for providing this service.

The IRS treats all virtual currency as property rather than currency for U.S. tax purposes. The IRS requires reporting any transaction involving cryptocurrency as a sale or exchange of property, with the taxpayer bearing responsibility for calculating and maintaining basis in their virtual currency holdings.

Listen as our expert panel discusses the tax treatment of cryptocurrency and the proper reporting for mining cryptocurrency and transactions.



  1. Overview of cryptocurrency mining
  2. IRS treatment of cryptocurrency mining transactions
  3. Valuation issues
  4. Tax reporting requirements
  5. Liability for failing to report cryptocurrency transactions properly


The panel will review these and other key issues:

  • What are the income tax reporting requirements for cryptocurrency mining, exchanges, and valuations?
  • What are the major tax pitfalls to avoid and other challenges for cryptocurrency mining and investments?
  • What are the best practices in managing an IRS examination?


Fuller, Pamela
Pamela A. Fuller, Esq., J.D., LL.M. (Taxation)

Senior Counsel (Tax, M&A, International)
Tully Rinckey PLLC and Zahn Law Group

Ms. Fuller’s practice has a triple focus: tax planning, tax controversies, and tax compliance. She advises a wide...  |  Read More

Wagner, Tim
Tim Wagner

Nelson Mullins Riley & Scarborough

Mr. Wagner represents individuals and businesses in all aspects of tax controversy matters, as well as corporate...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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