Posted by: Robert Horwitz | February 22, 2022

JONATHAN KALINSKI to Speak at Upcoming Strafford Webinar

We are pleased to announce that Jonathan Kalinski will be speaking at the upcoming Strafford webinar, “Taxation of Digital Asset Transactions: Impact of New Infrastructure Bill, Cash Transactions, Reporting, Tax Planning” on Thursday, March 3, 2022, 10:00 a.m. – 11:30 a.m. (PST).

On Nov. 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act which includes significant provisions impacting digital asset transactions and reporting requirements. Tax professionals must understand the impact of the new Act on digital assets and 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 broadens the definition of “digital asset” as such relates to blockchain and redefines “broker” to include persons providing services to transfer digital assets, in addition to other vital provisions. 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 provisions and challenges of the Infrastructure Investment and Jobs Act on 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.

We are also pleased to announce that we will be able to offer a limited number of complimentary and reduced cost tickets for this program on a first come first serve basis. If you are interested in attending, please contact Sharon Tanaka at sht@taxlitigator.com. 

Click Here for More Information.


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