Cryptocurrency Taxation: A Foundation for Advisors

2 Credits: Taxes


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Cryptocurrency Taxation: A Foundation for Advisors

Course Level
CPE Credits

2 Credits: Taxes

Course Description

In the ever-evolving financial landscape, cryptocurrencies and blockchain technologies have transitioned from being a fleeting trend to becoming a permanent fixture, presenting new challenges and opportunities for tax, accounting, and finance professionals. With an estimated 50 million Americans poised to buy crypto in the coming year, understanding the tax implications of these transactions has become indispensable. Led by Shehan Chandrasekera, CPA, Forbes Contributor, and Head of Tax Strategy at Cointracker, this online CPE course provides a comprehensive solution to these challenges. It covers the ethical concerns of advising clients on crypto adoption, setting up cryptocurrency as a payment method, and using blockchain for smart contracts. The course also delves into the current outlook for cryptocurrency taxation, planning for reporting changes, and the foundational elements of cryptocurrency, equipping you with the knowledge to guide your clients through the complexities of cryptocurrency transactions and taxation.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Understand the ethical concerns about advising your clients on crypto adoption
  • Evaluate setting up Cryptocurrency as a payment method
  • Explore the Blockchain use cases, specifically how it’s used for smart contracts
  • Understand the current outlook for cryptocurrency taxation due to the infrastructure bill
  • Plan for possible offset changes targeting cryptocurrency reporting
  • Gain familiarity with the foundational elements of Cryptocurrency
  • Understand how you buy crypto and store crypto securely
  • Be able to explain how to use services like CoinTracker to track capital gains and losses
  • Learn about the new developments on the horizon
  • Explore the tax needs for cryptocurrency investors
  • Evaluate how taxes work for cryptocurrency mining
  • See and learn about the tax planning opportunities
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Course Specifics

Course ID
Revision Date
January 10, 2023


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02156-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1658
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Shehan Chandrasekera

Shehan Chandrasekera is a Certified Public Accountant in the state of Texas and New Jersey. He specializes in business and individual tax planning and consulting for small businesses. Shehan has a broad tax knowledge of various industries including, Real Estate, Construction, E-commerce, Healthcare, Manufacturing & Distribution and the emerging Blockchain related industries. Before starting his career at JAG CPAs & Co, Shehan worked for several regional and national public accounting firms for a number of years. His ability to dissect the tax code and innovative thinking have immensely contributed to his rapid professional growth. After a successful career helping many …

Shehan Chandrasekera, CPA Read More »