Buying Cars with Cryptocurrency

Track: Business Essentials & Innovations

Friday, March 11, 2022 10:30 AM - Tuesday, June 14, 2022 11:30 AM

Room:

Location
W224

Presenters: Shehan Chandrasekera

According to a recent study, there are 46 million bitcoin holders in the U.S., roughly 17% of the adult population. Publicly traded companies and other financial technology giants have invested corporate cash reserves in bitcoin. PayPal, Venmo and Robinhood have offered cryptocurrency services to millions of users. These factors have collectively pushed the market capitalization of cryptocurrency to over $1 trillion and bitcoin to its all-time high value of $63,000 in 2021. Examine the tax implications of common cryptocurrency-related transactions, tax and accounting concerns and best business practices for accepting cryptocurrency.

 

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Shehan Chandrasekera
Presenter

Shehan Chandrasekera
Head of Tax

Shehan is one of the handful of CPAs in the country who is recognized as a subject matter expert on cryptocurrency taxation. He is the Head of Tax Strategy at CoinTracker, a Forbes Crypto Tax Analyst and a CPE instructor who has won multiple awards: 2020 & 2019 CPA Practice Advisor 40 under 40 accounting professionals, Outstanding Young CPA of the year, Rising Star of Texas & Among 21 accountants mentioned on Accounting Today who will be helping shape (and reshape) accounting in 2020 and beyond by Accounting Today.