"Blockchain 101" presentation by Kristin Smith — 40:55
Panel discussion — 51:50
Audience Q&A — 1:47:30
Join the Tax Policy Center, in collaboration with H&R Block, for a discussion on cryptocurrency and tax administration. Cryptocurrencies like Bitcoin facilitate anonymous, decentralized, borderless transactions. But as the Internal Revenue Service (IRS) has recently informed taxpayers, new currencies come with the same tax implications (e.g., income tax liability) as other forms of property. How are tax authorities responding to new technologies designed to circumvent regulation? Are these responses adequate?
Michael J. Desmond, chief counsel for the IRS, and a panel of experts will speak to these and other issues as they evolve at the federal and state levels:
What can we learn from states’ early experiments with cryptocurrency payments and regulation?
What are the IRS’s cryptocurrency taxpayer education and enforcement priorities?
Are cryptocurrencies likely to be used for tax evasion or avoidance?
What are the tax considerations for businesses or individuals planning to make or accept payments using cryptocurrency?
Michael J. Desmond, Chief Counsel, Internal Revenue Service @IRSNews
Nathan Rigney, Lead Tax Research Analyst of The Tax Institute, H&R Block @NathanRigney
Kristin Smith, Director, Blockchain Association @KMSmithDC