Guest: Ryan Firth, CPA & Shehan Chandrasekera, CPA

Virtual currency experts Ryan Firth, CPA and Shehan Chandrasekera, CPA will discuss what you need to know about the recent IRS revenue ruling on virtual currencies to help you advise your clients:

What is virtual currency and cryptocurrency?
What are hard forks and airdrops?
What are the key takeaways from the IRS Q&A?
What are the practical challenges you need to be aware of?
How can you help your clients who transact in cryptocurrency?

Access the related resources from this podcast:

IRS Rev. Rul. 2019-24
Article: “IRS Revenue Ruling 2019-24: Hard Forks, Airdrops and Other Topics Related to the Taxation of Virtual Currency” by Ryan Firth
How the IRS is Approaching Cryptocurrency Compliance: Updates from the IRS Chief Counsel
New IRS Cryptocurrency Tax Guidance
IRS and FinCEN clarify cryptocurrency reporting rules: Like-Kind Exchanges, Specific ID, FBAR, and Airdrops
Podcast: Planning & tax considerations when transacting in virtual currency
Webcast: IRS Guidance on Taxation of Virtual Currency
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Virtual currencies and IRS Revenue Ruling 2019-24 {PFP Section}

AICPA Personal Financial Planning (PFP)