Blockchain Implications for Tax (BIT)

Course Description Schedule Course Outline
 

Course Overview

AICPA Members, use promo code AICPAFL300 to receive $300 off the event price.

This course is intended to provide accountants, globally, with an understanding of the current taxation issues associated with activities utilizing blockchain technology. In this course, we will explore: the fintech revolution, distributed ledger technology, digital assets, private blockchains, smart contracts, governance, regulations, and how that all impacts the issues relating to the taxation of digital assets. As Bitcoin moves from the fringe to mainstream, the enabling technology, Blockchain, has already impacted tax services, and will continue do so well into the future. This webcast puts Blockchain technology into context, so professionals can master current tax issues and anticipate new ones to create value for themselves and their clients.

Topics covered include smart contracts, digital assets, private blockchain, governances, and taxation, as well as relevant principles, insights, and frameworks that will be valuable for tax professionals long after the completion of the course and the unfolding of Blockchain technology.

This course is one in a series of courses that will help you gain an understanding of the importance and impact of blockchain on your clients and organization.

The learner will attain the broad relevant knowledge necessary to advise clients and organizations that are or may be involved in transactions involving blockchain/DLT.

Key Topics:

  • Fintech Revolution
  • Distributed Ledger Technology
  • Digital Assets
  • Private Blockchains
  • Smart Contracts
  • Governance
  • Blockchain Regulations
  • Taxation of Blockchain Transactions
  • Conducting tax services for clients with blockchain transactions
  • The role and responsibilities of public accountants and how it may evolve in the future, with the changing blockchain landscape

This live event is also offered as a webcast through the AICPA. Register for an upcoming webcast.

Instructional delivery method: Live
Recommended CPE credit: 8
Recommended field of study: Information Technology Tax
Prerequisites: Basic knowledge of blockchain technology
Program level: Intermediate
Advance preparation: None
Important Information on Your CPE Credit

Who should attend

Who Will Benefit? This certificate program is valuable to anyone who needs to understand the implications of blockchain technology and digital assets on taxation. This includes:

  • CPAs and other professionals with clients; and organizations that are utilizing blockchain technology
  • Accountants with clients or within organizations that are holding, trading, or issuing digital assets
  • Individuals who are interested in getting a better technical understanding of blockchain technology and digital assets and the impact of this technology on taxable transactions

Course Objectives

When you complete this course, you will be able to:

  • Identify the impact of technology on taxation
  • Recognize the elements of distributed ledger technology (DLT)
  • Recall how digital assets can impact taxable transactions
  • Identify the tax implications of private blockchains
  • Identify the potential tax impact of blockchain governance issues
  • Analyze the current state of DLT regulation
  • Recognize the causes for tax abuse and the uncertainty surrounding digital asset transactions
  • Distinguish between terms the blockchain, bitcoin, and distributed ledger technology.
  • Differentiate between private blockchains and public blockchains.
  • Identify on-chain and off-chain assets
  • Compare the “Internet of Information” to the “Internet of Value”
  • Recall the elements of a smart contract.
  • Identify the regulatory authorities that govern digital assets.
  • Distinguish how “Crypto-Economics” is different from traditional economics.

Outline: Blockchain Implications for Tax (BIT)

In this course, we will explore: the fintech revolution, distributed ledger technology, digital assets, private blockchains, smart contracts, governance, regulations, and how that all impacts the issues relating to the taxation of digital assets.

  • Fintech Revolution
  • Distributed Ledger Technology
  • Digital Assets
  • Private Blockchains
  • Smart Contracts
  • Governance
  • Regulations
  • Taxation
Classroom Training
Modality: C

Duration 1 day

Price
  • United States: US$ 995
Enroll now
Online Training
Modality: L

Duration 1 day

Price
  • United States: US$ 995
Enroll now
 
Click City Name To Book Schedule
This is an Instructor-Led Classroom course
This is an Instructor-Led Online (ILO) course. These sessions are conducted via WebEx in a VoIP environment and require an Internet Connection and headset with microphone connected to your computer or laptop.
United States
Dec 12, 2018 Dallas, TX 09:00 US/Central Enroll
Dec 12, 2018 Raleigh/Durham, NC 09:00 US/Eastern Enroll
Dec 19, 2018 Online Training 09:00 US/Central Enroll
Dec 19, 2018 San Diego, CA 09:00 US/Pacific Enroll
Jan 9, 2019 Chicago, IL 09:00 US/Central Enroll
Jan 16, 2019 Online Training 09:00 US/Central Enroll
Jan 24, 2019 Sunnyvale/San Jose, CA 09:00 US/Pacific Enroll
Jan 30, 2019 Raleigh/Durham, NC 09:00 US/Eastern Enroll
Feb 6, 2019 New York, NY 09:00 US/Eastern Enroll
Feb 13, 2019 Online Training 09:00 US/Eastern Enroll