Navigating Cryptocurrency Taxation: IRS Guidelines, Reporting, and Strategic Planning for 2025

Cryptocurrencies and other forms of digital assets are changing the financial paradigm. This is a subject that is complex and in constant evolution. Be it a professional or financial advisor, or even an investor, knowing how to navigate the intricacies of cryptocurrency taxation is the key to compliance and strategic planning. This engaging webinar by tax attorney, Nicholas Preusch, CPA, JD, LLM covers the most important updates on cryptocurrency tax reporting, and participants will walk away with the practical knowledge needed to properly advise clients and minimize risks.

Why This Webinar is Important:

Cryptocurrencies are considered property by the IRS, not currency, so transactions are often far more complex than with traditional stocks or securities. For example, trading, mining, staking, or using digital assets to buy goods are all taxable events that require close record-keeping. To maintain compliance, there is a need to understand reporting obligations, valuation challenges, and implications of emerging IRS guidance.

With the IRS introducing new forms and intensifying enforcement efforts, staying proactive is more important than ever. Attending this webinar ensures you’re equipped with the knowledge and tools to adapt to changing requirements.

Webinar Objectives

By the end of the session, you will:

• Identify and categorize taxable events involving cryptocurrencies.
• Gain a clear understanding of IRS reporting requirements and deadlines.
• Address valuation and gain calculation challenges with confidence.
• Formulate client-focused strategies to maintain compliance and minimize tax liabilities.

Webinar Agenda

• Introduction to Cryptocurrency Taxation: A foundational understanding of how digital assets are treated under U.S. tax law.
• Taxable Events: Deep dive into transactions such as trading, mining, staking, and more, with real-world examples illustrating their tax implications.
• IRS Reporting Requirements: Guidance on Form 1040, Form 1099-DA, and foreign reporting forms like FBAR and Form 8938.
• Valuation Challenges: How to determine the fair market value of cryptocurrencies during volatile markets or complex transactions like hard forks and airdrops.
• Strategies for Compliance: Practical tips to simplify record-keeping and prepare for potential audits.

Who Should Attend

• Accountants
• Tax Preparers
• EA’s
• CFOs / CEOs
• Financial Compliance Professionals
• Tax Attorneys

Credit(s)

IRS CPE Credits: 1 Tax hour