The Taxation of Cryptocurrencies and NFTs
Cryptocurrency and non-fungible tokens (NFTs) are today’s hottest digital assets. And they are increasingly the target of IRS scrutiny.
Join us for this virtual event, led by Matthew Hutchens, Lecturer of Accountancy at Gies College of Business, as he discusses the tax implications of investing in the digital landscape. We will also be covering some key questions, such as: - what cryptocurrency and non-fungible tokens actually are, and how these assets are viewed in the eyes of the IRS.
This discussion will also include and cover some of the crucial topics like:
- Taxation on the purchase and sale of NFTs and crypto;
- The tax treatment of mining, hard forks, and airdrops;
- Creation of NFTs and impact of tax laws on those who develop digital content;
- Cryptocurrency and foreign asset reporting.
About Presenter:
Matthew Hutchens is a Lecturer of Accountancy at Gies College of Business. He joined the University of Illinois in 2017, after working as an attorney for the decade prior. His research specialties include federal taxation, multistate taxation, international taxation and practical problems in accounting. Hutchens earned his BS in Accounting and Finance in 2007 and his JD in 2014, both from Indiana University.
Register Now!
Join us for this virtual event, led by Matthew Hutchens, Lecturer of Accountancy at Gies College of Business, as he discusses the tax implications of investing in the digital landscape. We will also be covering some key questions, such as: - what cryptocurrency and non-fungible tokens actually are, and how these assets are viewed in the eyes of the IRS.
This discussion will also include and cover some of the crucial topics like:
- Taxation on the purchase and sale of NFTs and crypto;
- The tax treatment of mining, hard forks, and airdrops;
- Creation of NFTs and impact of tax laws on those who develop digital content;
- Cryptocurrency and foreign asset reporting.
About Presenter:
Matthew Hutchens is a Lecturer of Accountancy at Gies College of Business. He joined the University of Illinois in 2017, after working as an attorney for the decade prior. His research specialties include federal taxation, multistate taxation, international taxation and practical problems in accounting. Hutchens earned his BS in Accounting and Finance in 2007 and his JD in 2014, both from Indiana University.
Register Now!