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for CLE Annual Pass Holder
$10 for Judicial Rate
$75 for Participant Rate
December 11, 2020
Mecklenburg County Bar
General, Tax Law
The reporting, taxation, and accounting of virtual currency transactions and assets is not always clear, but the government expects full compliance and is ramping up its civil and criminal enforcement of virtual-currency tax reporting. The Internal Revenue Service (IRS) required a third-party virtual currency platform to identify over 14,000 accounts and subsequently required production of records for account activity exceeding $20,000.
As a practitioner, it is important to recognize the ramifications of the client’s use of virtual currency. The regulation and even definition of virtual currency can be a trap for the unwary. As was nearly the case for a U.S technology company fined for violating several Bank Secrecy Act regulations, the creativity of forward-thinking entrepreneurs can be stifled by lack of proper direction. Not understanding the complexities can cost the client (and the attorney).
While virtual currency’s anonymity and lack of transparency raises concerns, they are as complex as they are unique. Dealing with virtual currencies and the blockchain technology requires experience and sophistication. The consequences of the misuse of virtual currencies could result in fines, penalties, increased scrutiny, and potential criminal prosecution.
Program Titles and Supporting Materials
This program contains the following components:
If applicable, you may obtain credit in multiple jurisdictions simultaneously for this program (see pending/approved list below). If electing credit for this program, registrants in jurisdictions not listed below will receive a Certificate of Completion that may or may not meet credit requirements in other jurisdictions. Where applicable, credit will be only awarded to a paid registrant completing all the requirements of the program as determined by the selected accreditation authority.
How to Attend
Join the self-paced program from your office, home, or hotel room using a computer and high speed internet connection. You may start and stop the program at your convenience, continue where you left off, and review supporting materials as often as you like. Please note: Internet Explorer is no longer a supported browser. We recommend using Google Chrome, Mozilla Firefox or Safari for best results.
You may access this course on a computer or mobile device with high speed internet (iPhones require iOS 10 or higher). Recommended browsers are Google Chrome or Mozilla Firefox.