As part of the 2021 Infrastructure and Jobs Act, the United States Congress created a reporting regime for brokers of digital assets. The Treasury Department’s definition of a broker is expansive, but it has numerous exceptions and exemptions built-in. The Treasury Department also released several revenue rulings that provide transitional filing and withholding relief for various types of transactions and brokers.
This presentation will demystify the July 2024 Treasury Department regulatory updates and provide professionals with a strong understanding of the new requirements for digital asset exchanges and other brokers. This course is essential for professionals involved with digital asset exchanges or companies that may be classified as brokers.
Learning Objectives:
Citrin Cooperman
Partner
[email protected]
(212) 697-1000
Mark DiMichael, a partner in the valuation and forensic services department, specializes in litigation support and valuation services. His expertise includes divorce litigation, economic damages analysis, fraud investigation, cryptocurrency, white-collar criminal defense, and business appraisals. Mark has prepared and rebutted expert reports and has experience working with companies in a wide range of industries. He has also provided expert testimony related to economic damages.
Citrin Cooperman is one of the nation’s largest professional services firms. Since 1979, the firm has steadily built its business by helping companies and high-net-worth individuals find practical, actionable solutions to help them meet their short-term needs and long-term objectives. Citrin Cooperman clients span an array of industry and business sectors and leverage a complete menu of service offerings. Citrin Cooperman & Company, LLP (a licensed independent CPA firm that provides attest services) and Citrin Cooperman Advisors, LLC (which provides business advisory and non-attest services) operate as an alternative practice structure in accordance with the AICPA’s Code of Professional Conduct and applicable law, regulations, and professional standards. The entities include more than 400 partners and 2,400 total professionals.
Learn more about Citrin Cooperman here: www.citrincooperman.com