The rising popularity of cryptocurrency and the inclusion of the virtual currency question on the front and center of Form 1040 have made cryptocurrency a subject that tax practitioners can not afford to ignore anymore. This session gives you a quick overview of the cryptocurrency tax space, discusses the implications of the virtual currency question on Form 1040, and walks you through how to successfully handle taxes for cryptocurrency investors (the most common type of clientele you will come across) using CoinTracker.io.

Learning Objectives:

• Review an introduction to bitcoin and industry timeline for tax compliance


• Identify how to successfully tackle the Form 1040 virtual currency question


• Summarize challenges associated with helping cryptocurrency investors (most common client category)


• Demonstrate how you can use CoinTracker.io to reconcile complex transactions and help clients efficiently.