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Taxation of Digital Asset Transactions: Cash Transactions, Reporting, Tax Planning

Recording of a 90-minute premium CLE/CPE video webinar with 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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Conducted on Thursday, November 30, 2023

Recorded event now available

or call 1-800-926-7926

This CLE/CPE webinar will provide tax counsel and advisers with a detailed analysis of the taxation of digital asset transactions under current tax law. The panel will discuss the impact of recent regulations, applicable IRS tax rules, sourcing of income rules and challenges, issues presented by applicable international tax rules under the Internal Revenue Code, and other vital items impacting taxpayers engaging in digital asset transactions.


The Infrastructure Investment and Jobs Act includes significant provisions impacting digital asset transactions and reporting requirements. Tax professionals must understand critical issues regarding the tax treatment of digital asset transactions to properly advise and implement planning techniques to minimize tax liability to taxpayers.

The Infrastructure Investment and Jobs Act broadened the definition of "digital asset" as such relates to blockchain and redefined "broker" to include persons providing services to transfer digital assets. Tax professionals must evaluate the transactions and practices of taxpayers engaged in digital assets and cryptocurrency.

In addition, current tax regulations and the existing IRS guidance have significant implications on cross-border transactions, providing that the source of income from digital transactions is the place where the transaction occurred, potentially subjecting taxpayers to multijurisdictional tax obligations.

Furthermore, taxpayers must also consider the impact of other federal tax provisions, such as the base erosion anti-abuse tax (BEAT) regime, the U.S. tax treatment under the controlled foreign corporation (CFC) regime, and the foreign-derived intangible income (FDII) regime.

Listen as our panel discusses key tax rules and challenges of digital asset transactions, IRS tax treatment reporting requirements, potential issues stemming from BEAT, GILTI, FDII rules, and other essential items impacting taxpayers engaging in digital asset transactions.



  1. IRS regulations and applicable tax rules
  2. Sourcing of income rules and challenges
  3. Tax implications of BEAT, GILTI, and FDII rules concerning digital asset transactions
  4. Best practices for tax counsel and advisers to ensure tax compliance


The panel will discuss these and other key issues:

  • IRS regulations covering the tax treatment of digital asset transactions and cryptocurrency
  • Sourcing rules and pitfalls to avoid unnecessary tax liability
  • Additional federal income tax implications; BEAT, treatment of CFCs, FDII


Bass, Jordan
Jordan Bass, Esq., CPA

Taxing Cryptocurrency

Mr. Bass is a both a Certified Public Accountant (CPA) and a tax lawyer, and is the founder of Taxing Cryptocurrency....  |  Read More

Kalinski, Jonathan
Jonathan Kalinski

Hochman Salkin Toscher Perez

Mr. Kalinski specializes in both civil and criminal tax controversies as well as sensitive tax matters including...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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