Coin 605 - Accounting Taxation - Blockchain Applications
In this course, learners will gain a background and an understanding of cryptocurrency and the use of tokens which can be backed by assets of a known or unknown value. Additionally, participants will gain knowledge as to how blockchains can be used as a payment system and the risks that come with having that as an alternative to traditional centralized cash (fiat) systems. The core of this course reviews taxation considerations and how cryptocurrency is taxed in the United States. This includes common tax forms that are often received or required to be filled out, tax-saving strategies to reduce one's financial liability, and the uncertainty not only in the present but future with respect to tax regulations and Internal Revenue Service (IRS) enforcement actions.
What You'll Learn
In this course, learners will learn the following:
- Recall how the cryptocurrency started and its evolution over time
- Review common ways cryptocurrencies can generate wealth and how they are taxed within the United States
- Recognize strategies that can executed to provide tax benefits when holding cryptocurrencies
- Distinguish the key differences between commonly used tax forms and documents the Internal Revenue Service (IRS) may send a cryptocurrency holder
Who Should Attend
Students majoring in the following areas: Taxation; Accounting; Finance; Management; or any major within the School of Business
Tax Accountants to Managing Partners working in taxation
Taxation professionals of all levels and experience working in the private sector
The comprehensive; asynchronous course includes learning modules; videos; assessments; a hands-on lab and is eligible for certifications once all of the requirements are completed.
This self paced course is offered in partnership with Coinifide. After you register, you will receive communication from Coinifide on how to access the course.