We are pleased to announce that Michel Stein, Evan Davis and Philipp Behrendt will be speaking at the upcoming CPA Academy webinar “New Developments in Cryptocurrency: Reporting and Enforcement,“ Thursday, May 11, 2023, 8:00 a.m. – 9:00 a.m. (PST).
This program will provide tax advisers and compliance professionals with a practical look at IRS guidance for calculating and reporting income and gain on cryptocurrency (e.g., Bitcoin) transactions. We will discuss the changes within the IRS as well as the agency’s latest publication on cryptocurrency reporting requirements, NFT, and other updated.
We will address recently released IRS Chief Counsel Advice, the Ethereum merge, and the recent IRS enforcement initiatives to identify digital asset activity. We’ll also discuss how the requirements of voluntary disclosures and the risks of criminal prosecution related to unreported and improperly reported cryptocurrency transactions.
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