Potential CPE
Share
Our 1, 2 and 4 hour on-demand webinars will focus approximately 75% of each hour educating theory and regulation and 25% of each hour on procedure.
New CCA on crypto
If Taxpayer A is required to obtain a qualified appraisal under section 170(f)(11)(C) of the Code and fails to do so, does the reasonable cause exception provided in section 170(f)(11)(A)(ii)(II) apply if Taxpayer A determines the value of the cryptocurrency based on the value reported by a cryptocurrency exchange on which the cryptocurrency is traded?
If Taxpayer A determines the value of the donated cryptocurrency based on the value reported by a cryptocurrency exchange on which the cryptocurrency is traded rather than by obtaining a qualified appraisal, the reasonable cause exception provided in section 170(f)(11)(A)(ii)(II) will not excuse noncompliance with the
qualified appraisal requirement, and Taxpayer A will not be allowed the charitable contribution deduction under section 170(a).
Click here to claim your Sponsored Listing.
Category
Contact the school
Telephone
Website
Address
4802 E Broadway
Tucson, AZ
85711
