September 22, 2026

Live Webcast

2 CPE Credits

Don Farmer's Cryptocurrency Taxation: Tracking, Reporting & IRSEnforcement

September 22, 2026
Live Webcast
2 CPE Credits

Don Farmer's Cryptocurrency Taxation: Tracking, Reporting & IRSEnforcement

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    Instructor

    Nick
    Preusch

    View Bio

    Nick Preusch, CPA, JD, LLM, MSA

    Bio

    Nick joined YHB in 2020 with over 15 years of experience in the industry. Nick is a graduate of Carthage College with a BS in Accounting and Business, the University of Connecticut with an MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility.

    EXPERTISE

    Nick’s expertise includes helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. He has used his tax expertise not only to serve his clients, but also his peers. He has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure and co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomas Reuters. He has also lectured nationally on topics such as ethics, complex tax transactions, and IRS practice and procedure.

As IRS scrutiny of digital assets intensifies, CPAs must stay current on cryptocurrency taxation and reporting requirements. This focused 2-hour course provides a practical update on the federal income tax treatment of cryptocurrency transactions, emerging reporting rules, and current IRS enforcement initiatives. Participants will review the tax implications of common digital asset transactions, including sales, exchanges, mining, staking, hard forks, and airdrops. The program emphasizes reporting requirements, including the Form 1040 digital asset question, Form 8949 reporting, and new broker reporting developments such as Form 1099-DA. Special attention is given to audit risk factors, documentation standards, and practitioner responsibilities in an evolving regulatory environment. This session is designed to equip tax professionals with the tools needed to ensure compliance and confidently advise clients in today’s increasingly regulated digital asset landscape.

Learning Objectives

Upon completion of this program, participants will be able to: 1. Identify the federal income tax treatment of common cryptocurrency transactions under current IRS guidance. 2. Determine appropriate reporting requirements for individuals and businesses engaging in digital asset activities. 3. Recognize key IRS enforcement trends and audit risk factors related to cryptocurrency transactions. 4. Apply practical compliance and documentation strategies to mitigate reporting risks.

Major Topics

MAJOR TOPICS Federal Tax Treatment of Digital Assets • IRS classification of cryptocurrency as property
• Tax consequences of sales and exchanges
• Mining and staking income
• Hard forks and airdrops Reporting Requirements and Compliance
• Form 1040 digital asset disclosure
• Form 8949 and Schedule D reporting
• Schedule C considerations
• Overview of broker reporting rules and Form 1099-DA developments IRS Enforcement Trends
• Exchange reporting and John Doe summonses
• IRS compliance campaigns
• Civil penalties and potential criminal exposure
• Audit risk indicators Practitioner Considerations
• Documentation and substantiation best practices
• Client interview strategies
• Ethical responsibilities in digital asset reporting

CPE Credits Available

2 CPE Credits
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax; Taxation

Prerequisites

None

Advanced Preparation

None

Provider

Don Farmer Tax Education

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