Idb Crypto Tax Basics

Learn how to prepare your own tax forms, Use the Block Explorer and more

What you'll learn

Crypto Taxable events in the US

Cost Base Analysis

Crypto Capital Gains & Losses

Block Chain Explorer Basics

IRS Tax Forms

Data File Management

Tax Rate

Crypto Tax Calculation

Requirements

No Tax Preparation experience required

You'll learn everything You need to know about Crypto Taxes

Description

In this crypto tax workshop, You will learn the basic methods used today by crypto tax calculation firms that will give You the knowledge and confidence You will need to complete your own crypto tax forms and reports, In the case that You have a Tax preparation background this course will provide You the tools to increase revenue and grow your client book by addressing the need in this up & coming industry, You will go through crypto wallets and check that the calculated balances match the actual balances, fixing any negative balances and missing purchase history errors. also reviewing all transactions to identify and fix missing tags, prices (ICOs), airdrops, forks, staking and liquidity transactions. You can be sure that the calculated capital gain is as accurate as possible based on the imported data. the crypto ecosystem needs more seasoned tax professionals to be involved to accurately assist crypto users. The lack of clarity from government agencies gives You the opportunity to position yourself ahead of the crowd, learning from new crypto regulation and past mandates that have been shaping the crypto sphere. every tax season there's new information, updates and changes to the tax code that this course will prepare You for, You will get accustomed to the basic terms and procedures that will help You excel in the future,  So join us in this challenge to bring crypto tax education to the masses, helping us increase awareness and reduce the cost of preparation.     

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Crypto Tax Glossary

Lecture 2 Crypto Tax Glossary

Section 3: Crypto Taxable events in the US

Lecture 3 Taxable events

Section 4: Cost Base Analysis

Lecture 4 Cost Base Analysis

Section 5: Crypto Taxable rate

Lecture 5 Crypto tax rate

Section 6: Crypto Capital Gain & Loss

Lecture 6 Crypto Capital Gain & Loss

Section 7: Crypto Tax Calculation

Lecture 7 Crypto Tax Calculation

Section 8: CSV Files _ Data Management

Lecture 8 CSV Files _ Data Management

Section 9: IRS Tax Forms

Lecture 9 IRS Tax Forms

Section 10: Block Explorer basics

Lecture 10 Block Explorer basics

Tax Professionals,CPA's,EA,Beginner Crypto enthusiast