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Leveraging cryptocurrency for your business
Written on Dec 4, 2019
In this episode we spoke to Shehan Chandrasekera, CPA, a published author, CPE instructor, contributor to various accounting publications and the head of tax strategy at CoinTracker. As the use of cryptocurrency grows, CPAs will be looked at more for guidance on how to handle it for their businesses and their clients. We talked about how practitioners can better understand crypto when preparing to help clients, the influence it will have on recruiting younger talent, the new guidance issued this fall by the IRS on crypto and much more.
Learn more here:
IRS and FinCEN clarify cryptocurrency reporting rules: Like-Kind Exchanges, Specific ID, FBAR, and Airdrops
How the IRS is Approaching Cryptocurrency Compliance: Updates from the IRS Chief Counsel
2020 is the Year of Crypto Tax Compliance