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Best Practices and Cautions in Reporting Digital Asset Transactions CD

Price:
$12.00
SKU:
SKU #24SFVBA-20 CD
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Self-study hours are logged by the listener and the one page list is kept in an MCLE compliance folder. The log requires a listing of each program title, the program's approved MCLE provider name, program length, and whether or not that program contains mandatory subfield credit (legal ethics, elimination of bias, or prevention of substance abuse.)

Participatory hours require a proctor (any adult who is not simultaneously using the same program for participatory credit) to complete and sign documents accompanying each participatory program. Those completed and signed documents are subsequently returned to Versatape and individual certificates of compliance are prepared and returned to the listener to be filed in a MCLE compliance folder. Versatape will also keep a copy of the certificates of compliance on file. If audited the State Bar will be looking for a copy of those completed certificates of compliance and a copy of the self -study hours log.

Note: Please note MCLE audio program hours listened to in excess of 25 hours in a 3-year compliance period cannot be carried over into the next 3-year cycle.

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How They Work

MCLE Credit: 1 Hour on Audio CD (Also available on  Mp3 and Flash Drive)

Recorded May, 2024

Learning objectives:

1. Explain the common ways taxpayers generate income from digital assets and tax considerations.

2. Understand the basics of broker reporting for digital assets added at IRC §6045 and §6045A by the infrastructure investment and Jobs Acto of 2021 + merchant reporting changes to §60501.

3. Apply due diligence to a taxpayer's digital asset ownership and transactions

Program materials included. Speaker: Professor Annette Nellen, CPA, Esq.

MCLE Expires May 21, 2029. MCLE Credit: 1 hour 

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Programs by MCLE Approved Providers:

San Fernando Valley Bar Association (#451)

Pasadena Bar Association (#531)

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