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2022 72nd Midyear Conference

W04 - Taxation of Digital Assets, Cryptocurrency, and NFTs – I Still Don’t Get It, But What if I Had To?


Mar 23, 2022 9:45am ‐ Mar 23, 2022 10:45am


Description

Digital Assets, including cryptocurrency and NFTs, are relatively new and rapidly evolving as a form of payment and investments. In this session, we will discuss the income and indirect tax implications of various applicable scenarios amidst the uncertainty given the currency and rapid evolution of tax issues using digital assets for payment or as investments.

After this session, participants will be able to: (1) understand what digital assets are, including cryptocurrency and NFTs; (2) appreciate the income and indirect tax issues associate with using digital assets as a form of payment or an investment; (3) understand the authoritative guidance issued to date regarding those tax issues; and (4) apply the guidance in applicable scenarios.

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Tags: FED

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