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Cryptoasset Accounting and Taxation Trends For the Profession
- Understanding Crypto Taxation Rules – Evaluate knowledge of IRS guidelines, taxable events, capital gains treatment, and reporting obligations for crypto transactions.
- Accounting for Digital Assets – Assess comprehension of GAAP and IFRS principles related to cryptoasset valuation, impairment testing, and financial statement presentation.
- Regulatory Compliance & Risk Management – Test awareness of evolving regulations, anti-money laundering (AML) requirements, and tax compliance strategies for crypto-related businesses.
- Auditing & Transaction Tracking – Assess the ability to analyze blockchain-based transaction records, ensure accuracy in financial reporting, and identify potential risks in crypto audits.
- Tax Planning & Advisory Services – Evaluate proficiency in advising clients on tax-efficient strategies, cryptoasset structuring, and minimizing liabilities while staying compliant
Overview of the webinar
As cryptocurrency adoption accelerates, CPAs must stay ahead of the evolving regulatory and financial reporting landscape. This session provides a comprehensive overview of the latest trends in cryptoasset accounting and taxation, equipping professionals with the knowledge needed to navigate this complex and rapidly changing field.
Attendees will gain insights into the latest IRS guidance on crypto taxation, including income recognition, capital gains treatment, staking rewards, and reporting requirements. The session will also cover key accounting challenges, such as fair value measurement, impairment testing, and classification of digital assets under U.S. GAAP and IFRS. With increased regulatory scrutiny, CPAs must understand compliance obligations, including reporting requirements for businesses, investors, and decentralized finance (DeFi) participants.
Beyond compliance, the session will explore best practices for auditing crypto transactions, managing tax liabilities, and advising clients on strategic tax planning. Topics will include blockchain-based transaction tracking, custody and security considerations, and the impact of new regulations on corporate financial statements.
By attending this session, CPAs will gain the tools and knowledge necessary to guide clients through the complexities of cryptoasset taxation and accounting. Whether working with individual investors, corporate clients, or financial institutions, professionals will be better prepared to address emerging challenges, mitigate risks, and seize opportunities in this evolving sector. Stay informed, enhance your expertise, and position yourself as a trusted advisor in the growing field of crypto accounting and taxation.
Who should attend?
- CPAs, Tax and Financial Professionals
Why should you attend?
CPAs should attend Cryptoasset Accounting and Taxation Trends for the Profession to stay informed about the evolving regulatory landscape and financial reporting challenges surrounding cryptocurrencies. As crypto adoption grows, accountants must understand the latest IRS tax guidance, GAAP implications, and compliance requirements for businesses and individuals. This session will explore key topics such as tax treatment of digital assets, valuation complexities, and reporting obligations for crypto transactions. Attendees will gain practical insights into best practices for auditing, tracking, and advising clients on crypto-related matters. By staying ahead of these trends, CPAs can expand their expertise and provide high-value advisory services.
Faculty - Dr.Sean Stein Smith
Sean is an Associate Professor at the City University of New York – Lehman College. He serves on the Advisory Board of the Wall Street Blockchain Alliance, where he chairs the Accounting Working Group. Sean also serves as an Advisor to Crescent City Capital, a cryptoasset investment fund, and is also an Advisor to Hyperion, a crypto accounting startup. Sean is an award-winning researcher who has been recognized in both the United States and European Union for his contributions to the accounting field. He is a Certified Cryptocurrency Auditor, and has completed an Executive Education program in Artificial Intelligence at MIT. Sean is currently enrolled at the United States Artificial Intelligence Institute in the Certified Artificial Intelligence Scientist program.
Sean has developed and presented courses on Artificial Intelligence, Cryptoassets, and Blockchain for both the AICPA and IMA. He has also delivered presentations and training sessions for the PCAOB, the FDIC, the AICPA, multiple state accounting societies, and guest lectures at nearly 20 colleges and universities. He is the past chairperson of the NJCPA's Emerging Technologies Interest Group (#NJCPATech), is a Past President of the NYSSCPA Manhattan-Bronx Chapter, and is a member of the NJCPA Board of Trustees. Sean also serves on the Board of Governors of Fairleigh Dickinson University.
Sean is a widely recognized expert in the areas of blockchain, cryptoassets, and artificial intelligence, especially as they connect to accounting and financial services. His thought leadership is sought after by academic and industry organizations, and includes his efforts to develop and teach the first ever courses focusing on blockchain and crypto at Lehman College beginning in 2021. Sean has developed multiple courses, a certificate program, and an undergraduate minor focusing on blockchain and cryptoassets at Lehman College.
His award-winning research has been recognized and honored both in the United States and internationally, and he is a frequent guest on media outlets discussing blockchain, cryptoassets, AI, and accounting technologies. Sean has published multiple books, and dozens of academic and practitioner articles connected to these topics including books with Springer, Emerald, and Routledge publishing houses.
Sean has also been named one of the Top 100 Most Influential People in Accounting (2019 & 2023), and has been named a past winner of the NJCPA Ovation Award for Innovation. He has also been named a 40 under 40 in the accounting profession from 2017-2023 by CPA Practice Advisor and the NYSSCPA in 2021. Sean was named on the NJBIZ Power 50 in Accounting in 2021 & 2022. He was also awarded the Outstanding Young CPA of the Year Award by the AICPA in 2022. Sean was also included on the ROI-NJ Accounting Influencer list in 2024.
Prior to his pivot to academia and research Sean was employed as a CPA and held roles of progressive responsibility at multiple organizations in the for-profit and non-profit sectors. He earned his B.S., M.S., and M.B.A. from Fairleigh Dickinson University, and a DBA from Capella University. In 2022, Sean also earned the Certified Cryptocurrency Auditor certificate offered by the Blockchain Council, and in 2023 completed an Executive program in AI Strategy at MIT.