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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Law

Date & Time
  • event Date

    Thursday, June 12, 2025

  • schedule Time

    1:00 PM E.T.

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$347.00
CLE
CPE
ALL

This CLE/CPE course will provide tax and other interested professionals with an in-depth analysis of key tax considerations and challenges for digital asset investment vehicles and hedge funds investing in cryptocurrency and other digital assets. The panel will discuss U.S. tax rules and obstacles for fund managers and investors, reporting requirements, publicly traded partnership rules, trading safe harbor rules, ECI, and other fundamental issues applicable to the taxation of investment vehicles investing in digital assets.

Faculty

Jon Van Loo
Partner
Miscellaneous

Mr. Van Loo brings over 15 years’ experience providing tax advice to clients ranging from global public companies to start-ups and individuals facing complex tax situations. His current practice focuses on U.S. tax matters for: mergers & acquisitions (especially venture-backed private companies), formation and operation of private investment funds, cryptocurrency, foreign corporations entering the U.S., individuals expatriating from the U.S., business restructurings, and real estate transactions. For over five years, Mr. Van Loo has been actively involved in advising crypto funds and blockchain projects on a variety of tax matters, including crypto compensation and the creation and sale of new cryptocurrency products.

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Anthony Tuths
Tax Principal
KPMG US, LLP

Description

Interest and investments in cryptocurrency from individual and institutional investors have intensified over the last two years. Fund managers and investors must adhere to the current U.S. tax regime and reporting requirements while also considering ever-changing regulations for digital asset transactions.

Many investment vehicles investing in cryptocurrency or other digital assets are structured similarly to traditional hedge or private equity funds; however, additional tax issues and rules regarding digital assets can result in adverse tax implications unless the investor and its adviser implement effective planning methods.

IRS Notice 2014-21 specifies that convertible virtual currency is treated as property for federal tax purposes and not as foreign currency subject to foreign currency gain or loss rules. In addition, the recently enacted Infrastructure Investment and Jobs Act significantly expands tax information reporting for cryptocurrency asset exchanges and custodians and an information reporting requirement for those accepting payments in cryptocurrency.

Tax professionals must identify key tax issues for digital asset investment vehicles, such as (1) the characterization of cryptocurrency, (2) the tax treatment of contributions and distributions of cryptocurrency by partnerships, (3) reporting requirements, (4) the treatment of cryptocurrency transactions as effectively connected income, (5) publicly traded partnership rules, and (6) available safe harbors.

Listen as our panel discusses U.S. tax rules and obstacles for fund managers and investors, reporting requirements, publicly traded partnership rules, trading safe harbor rules, ECI, and other vital issues applicable to the taxation of investment vehicles investing in digital assets.

Outline

  1. Applicable U.S. tax rules
  2. IRS tax treatment of digital asset transactions
  3. Tax objectives for U.S. and foreign investors
  4. Characterization, reporting, and other compliance issues
  5. Fund structuring issues and options

Benefits

The panel will discuss these and other key issues:

  • What are the competing tax preferences of fund investors that practitioners must juggle when structuring investment funds?
  • What is the IRS' position on the tax treatment of cryptocurrency and other digital assets?
  • How do U.S. tax rules impact tax planning when structuring private investment funds intending to either invest in digital assets or to accept digital assets as investments?
  • What are the fund structuring issues and options for structuring digital asset investment vehicles?

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Determine the structure of private equity and other types of funds investing in digital assets
  • Recognize various factors in tax planning when structuring cryptocurrency investment funds
  • Identify key tax provisions under current U.S. tax law impacting digital asset funds
  • Ascertain tax planning methods to avoid tax pitfalls in structuring investment funds

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing income tax forms and schedules at mid-level within the organization, supervising other preparers/accountants. Specific knowledge and understanding of sale and exchange transactions; familiarity with virtual currency structures, foreign information reporting requirements.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).