This session explores the evolution of digital assets and its implications for tax practitioners today and tomorrow. Participants will gain a practical understanding of how to report digital asset transactions while preparing for future developments, such as AI-driven compliance and increased regulatory oversight.
Through real-world scenarios, this session will help practitioners navigate complex transaction types and implement strategies to improve compliance and streamline preparation. Attendees will leave with actionable insights to “audit-proof” their processes and proactively guide clients in an increasingly digital financial world.
Objectives
Upon completion of this session, you will be able to:
Identify key digital asset terms and transaction types, including staking, mining, stablecoins and liquidity activities
Determine when digital asset transactions are taxable
Recognize common reporting pitfalls
Analyze client activity and properly track basis using wallet data and accounting methods
Reconcile digital asset information for tax returns and address incomplete or missing data
Apply best practices to improve compliance, documentation and audit readiness, while advising clients on future-ready processes
