Self-Study
1
Basic
Taxes
None

Course Description

Welcome to the 21st century where virtual currency serves as a means to transfer assets over the Internet. Bitcoin, a form of virtual currency, enables individuals to send and receive money over a decentralized network that relies on a public ledger to authenticate and verify transactions. Using bitcoin is akin to utilizing a digital wallet; however, complexity lurks beneath the surface of these user-friendly wallet interfaces. 

This course will cover what every tax preparer needs to know about bitcoin and how it works. Discover what it means to mine for bitcoins and how the currency is valued. Learn about the IRS's position, including what it wants to know and what taxpayers need to report, as well as its enforcement attempts to discover and curtail tax evaders. Understand what to do when your client has failed to report gains or losses from bitcoin transactions on their tax returns. You'll come away with a greater understanding of how to navigate the murky tax and reporting requirements to better help your clients (and you) avoid possible criminal tax prosecution.



Instructor

David Klasing

As a former auditor, Mr. Klasing uses his past experience in public accounting to help his clients avoid tax problems before they develop where possible. As a Combo Attorney CPA he aggressively protects his clients’ interests during audits, criminal investigations or in Tax Litigation. David Klasing has assisted thousands of businesses and individuals through the audit / litigation and appeal process, and Mr. Klasing has a proven and sustained record of achieving favorable results for the clients he serves. Mr. Klasing is admitted to practice before all California State Courts, the United States District Court for the Central District of California and the United States Tax Court. Mr. Klasing’s education includes a bachelor’s degree in business administration, with an emphasis in accounting, from California State University Los Angeles, a master's degree in taxation from Golden Gate University and a Juris Doctor from Western State University College of Law. Having earned a master’s degree in taxation with an emphasis in the gift and estate tax arena, along with having taken classes in Law School on Estate’s, Trusts and California Community Property, Mr. Klasing practices in the estate, trust and accounting areas. Mr. Klasing’s professional involvement includes serving as the (2012/2013) chair of the California State Bar Association, Tax Procedure and Litigation Committee, the 2013 chair of the Orange County Bar Association Taxation Section. He is also a member of the American Bar Association Tax Section; the Orange County Bar Association, Tax, Business and Corporate Law, Trust & Estate Sections, the California Society of Certified Public Accountants State Committee on Taxation and the American Association of Attorney Certified Public Accountants.



Course Specifics

Taxes
Oct 31, 2019
None
SS8172602
39
None


Compliance Information

103220
IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-01447-19-S
IRS Federal Tax Law Credits: 1
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1347
CTEC Federal Tax Law Credits: 1
Qualifies for CA Fraud: No


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


Back to top