Crypto, Blockchain and Taxes (2 hours - late morning) - Webcast
Overview
Digital assets are no longer niche—they’re now a key part of personal and business portfolios. This course breaks down the core technologies behind cryptocurrency and blockchain while giving attendees the tools they need to address evolving IRS guidance, proposed FinCEN reporting, and the treatment of crypto in estates and trusts. We’ll look at wallet types, transaction tracking, taxable events, and reporting obligations under current law, including the infrastructure bill’s impact on brokers and exchanges. Beyond theory, this session focuses on practical planning. You’ll learn how to advise clients on basis tracking, crypto-to-crypto exchanges, charitable donations of crypto, and estate transfers involving NFTs and other digital assets. This course is designed for financial professionals who need clear guidance on how to keep their clients compliant—and prepared—for what’s coming next.
OSCPA has partnered with the Washington Society of CPAs for this event.
Highlights
- Cryptocurrency basics and blockchain functionality,
- IRS Form 8949, Schedule D, and broker reporting under the Infrastructure Investment and Jobs Act
- Cost basis tracking and recordkeeping tools for digital asset investors,
- Taxation of mining, staking, and airdrops,
- Donating, gifting, or inheriting crypto and NFTs,
- Crypto treatment in estates and trusts,
- Current FinCEN guidance and proposed FBAR-like reporting,
- Business applications of blockchain in accounting
Designed For
CPAs, EAs, attorneys, and other tax professionals
Objectives
- Identify and define current types of digital assets, including cryptocurrency, tokens, and NFTs
- Explain the underlying technology of blockchain and how it applies to accounting systems,
- Determine when and how taxable events occur in cryptocurrency transactions,
- Calculate basis, fair market value, and gain/loss on crypto-related activity,
- Apply current IRS guidance on crypto reporting for individuals, businesses, and brokers,
- Evaluate estate and trust planning options for digital asset holdings,
- Recognize the compliance implications of self-custody versus third-party wallets,
- Implement strategies to help clients prepare for FinCEN's proposed foreign crypto account reporting rules
Leader(s):
Leader Bios
Arthur Werner, President, Werner-Rocca Seminars LTD
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner's lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.
Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 3000 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
(9/17/20)
Non-Member Price $140.00
Member Price $105.00