The program will provide tax advisers and compliance professionals with a practical look at IRS guidance for calculating and reporting income and gain on cryptocurrency (e.g., Bitcoin) transactions. We’ll discuss the IRS's latest positions on cryptocurrency, analyze IRS efforts to increase compliance and define proper reporting and the tax treatment for convertible virtual currency and cryptocurrency, stablecoins, as well as NFTs. We will address recently released IRS Chief Counsel Advice, the Ethereum Merge, and the recent IRS enforcement initiatives to identify digital asset activity, how the IRS soft letter campaign fits into the voluntary disclosure practice and the risks of criminal prosecution related to unreported and improperly reported cryptocurrency transactions.