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Free cpece webinars
IRS Presenting: Virtual Currency

IRS PRESENTING: VIRTUAL CURRENCY

THE IRS DOES NOT ALLOW US TO RECORD THESE SESSIONS. THE ONLY WAY TO VIEW THE CONTENT IS BY ATTENDING LIVE.
Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-01237-22-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

The presentation will explain the fundamental terms of virtual currency and will share how the IRS defines virtual currency for tax purposes. This webinar will also cover tax practitioners’ due diligence responsibilities for preparing client returns affected by virtual currency transactions. The tax consequences of certain virtual currency activities will also be reviewed.

Learning Objectives:


  • Define fundamental terms of virtual currency

  • Identify how the IRS defines virtual currency for tax purposes

  • List practitioner due diligence responsibilities for preparing returns affected by virtual currency transactions

  • Recognize tax consequences of specific virtual currency activities

Michael Mudroncik

IRS
Senior Stakeholder Liaison

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Mike has been with the IRS since 2002 working in the Stakeholder Liaison position since 2009 and, prior to that, as a Revenue Agent, SB/SE Exam Division, in Downers Grove, IL.  

Mike holds degrees in Business Administration and Accounting from Indiana University, an MBA from DePaul University and is working on completing a Master of Science in Taxation degree, also from DePaul University.

Additional Materials
Webinar Technical FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

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EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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The IRS is a bureau of the Department of the Treasury and one of the world's most efficient tax administrators. In fiscal year 2012, the IRS collected more than $2.5 trillion in revenue and processed more than 237 million tax returns.