The New Crypto Reporting Era: Mastering Form 1099-DA Before Penalties Hit
From: $179.00
Date: April 24th , 2025
Time: 2pm ET | 1pm CT | 12pm MT | 11am PT
Duration: 120 Minutes
Description:
For the first time in U.S. tax history, the IRS is receiving direct reports of digital asset transactions from custodial exchanges via the new Form 1099-DA. Starting with tax year 2025 (forms issued to taxpayers and the IRS beginning in February 2026), brokers such as Coinbase, Kraken, Gemini, and Binance.US are required to report gross proceeds from their customers’ digital asset sales directly to the IRS in the same way that Form 1099-B reports stock transactions. This creates an entirely new category of compliance risk for practitioners and their clients: IRS matching programs will now automatically compare what a broker reports on Form 1099-DA against what the taxpayer reports on Schedule D and Form 8949. Any mismatch even an innocent one caused by incomplete basis data or off-exchange activity can trigger a CP2000 automated under reporter notice.
This webinar equips tax professionals with everything they need to correctly handle 1099-DA forms, advise clients, reconstruct cost basis, address DeFi and staking income, and defend positions before the IRS.
Topics Covered:
Cryptocurrency and Digital Asset Fundamentals for Tax Professionals.
How Blockchain Works — and Why It Matters for Tax Reporting.
IRS Reporting Requirements: Form 1099-DA, 8949, and Beyond.
Taxable vs. Non-Taxable Crypto Transactions: Know the Difference.
Latest Legal and Regulatory Updates Shaping Crypto Compliance.
Staying Compliant: New Laws, Regulations, and Enforcement Trends.
Learning Objectives
Upon completing this course, participants will be able to:
Explain the IRS property classification framework for digital assets and how it drives all tax obligations.
Describe the new Form 1099-DA broker reporting regime — what is reported, by whom, and what is excluded.
Identify the covered vs. noncovered security distinction for digital assets and its basis reporting implications.
Demonstrate how to reconcile a client’s 1099-DA to their actual transaction history and correct mismatches.
Calculate capital gains and losses for common crypto transactions including trades, swaps, spending, and conversions.
Apply the correct IRS cost basis identification methods (FIFO, Specific ID, wallet-by-wallet) under the new rules.
Report staking rewards, mining income, DeFi yields, and airdrop income on the correct IRS forms.
Recognize the grey areas — token wraps, bridging, DeFi swaps — and apply defensible positions.
Apply tax-saving strategies including tax-loss harvesting, long-term holding, and charitable giving of crypto.
Respond to IRS CP2000 notices triggered by 1099-DA mismatches and advise clients on voluntary disclosure.
Identify when a client’s crypto activity rises to the level of a trade or business (Schedule C vs. Schedule 1).
Use crypto tax software tools effectively and understand their limitations.
Credits and Other information:
Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Update
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 120 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker
Dr. Robert Minniti , CPA (US)
President, Minniti CPA LLC
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.
