2024 Crypto, Blockchain and Taxes WEBCAST - Washington Society of CPAs

Overview

For accounting and tax professionals, understanding the inner workings of blockchain and cryptocurrency is no longer just an advantage, it’s a necessity. This course provides an in-depth look into the mechanics of digital currencies and revolutionary blockchain technology, equipping attendees with the knowledge to navigate benefits and risks effectively. Special emphasis is placed on the tax implications for both individuals and estates, ensuring that attendees can confidently advise on these issues, which are becoming increasingly relevant in financial planning and asset management. By understanding the tax complexities and estate planning challenges posed by digital assets, you will be able to offer valuable insights and strategic solutions. You will emerge from this course not just with theoretical knowledge but with actionable skills that can be applied immediately.

Highlights

Understanding blockchain and cryptocurrency. Major features, benefits, and risks of blockchain and cryptocurrency. Tax strategies for cryptocurrency transactions and compliance. Implementing blockchain in business accounting systems. Navigating estate planning with digital assets.

Prerequisites

None.

Designed For

CPAs, EAs, attorneys, and other tax professionals.

Objectives

Identify key characteristics and functions of major cryptocurrencies currently in use. Explain the influence of blockchain technology on today’s business environment and accounting practices. Assess the organizational impact of blockchain and cryptocurrency, focusing on tax and accounting issues. Apply strategies to calculate and track the historical cost and fair market value of cryptocurrency investments. Implement tax planning techniques for cryptocurrency transactions to optimize personal tax liabilities. Design estate plans that effectively incorporate cryptocurrency and NFT holdings for clients.

Preparation

None.

Notice

None.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

Leader Bios

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

4.94 stars out of 5 - speaker rating for 2019

“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees

Art Werner is currently a shareholder in and is the President of the lecture firm Werner - Rocca Seminars, Ltd. Mr. Werner’s areas of expertise include business, tax, financial, and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University located in Philadelphia, Pennsylvania. 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, Enrolled Agents, Insurance Agents, and Financial Planners, and has presented well in excess of 2,000 eight-hour seminars over the past 20 years. Over the past 20 years, Mr. Werner was 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.

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