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 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.
Outline
- Overview of cryptocurrency mining
- IRS treatment of cryptocurrency mining transactions
- Valuation issues
- Tax reporting requirements
- Liability for failing to report cryptocurrency transactions properly
Benefits
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?
Faculty
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
Ms. Fuller’s practice has a triple focus: tax planning, tax controversies, and tax compliance. She advises a wide range of clients–including private and public companies, joint ventures, funds, high-net-worth individuals, C-Suite executives, and government entities–on transactional, investment, and supply-chain strategies to achieve optimal tax and business results. Ms. Fuller advises clients on both purely domestic transactions and transnational ones, helping both U.S.-based companies and foreign companies (and their executives) achieve the best possible results from a tax and business perspective. Ms. Fuller is Chair of the ABA’s Tax Section’s Tax Policy Committee, and also Co-Chair of the International Tax Committee of the ABA’s worldwide International Law Section. She frequently speaks at law conferences, and publishes papers on international tax topics in peer-reviewed law journals.
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Tim Wagner
Partner
Nelson Mullins Riley & Scarborough
Mr. Wagner represents individuals and businesses in all aspects of tax controversy matters, as well as corporate... | Read More
Mr. Wagner represents individuals and businesses in all aspects of tax controversy matters, as well as corporate transactions and tax planning, and general business advice. He represents clients in federal and state tax audits, tax litigation, and federal and state tax collection matters. Mr. Wagner advises and provides counsel on both foreign and domestic tax compliance, voluntary disclosure matters, excise tax issues, tax fraud, and other white-collar cases. He also advises clients on mergers and acquisitions as well as overall business organizations and corporate structures.
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Cannot Attend April 13?
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.