IRS’s Revenue Procedure 2024-28 is already published and there's not a lot of time to postpone our updates. Join Patrick Camuso to discuss this essential update impacts all crypto businesses and investors, requiring account-based cost basis accounting. Learn about the Safe Harbor for previous transactions and how to avoid compliance challenges by preparing before the January 2025 deadline.
- Shift from universal to account-based crypto cost basis reporting
- Safe Harbor for 2024 and earlier transactions
- Importance of accurate cost basis tracking and tax lots
- January 1, 2025 IRS compliance deadline
Meet Our Speakers
Watch and learn from an international group of industry leaders at the forefront of Crypto Accounting
Patrick Camuso, CPA
Managing Director
Camuso CPA
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The Statement of Digital Asset for Transparent US GAAP Reporting.
Traditional accounting systems struggle to accurately represent the complexities of digital assets. Current GAAP standards often leave gaps in transparency, liquidity tracking, and compliance, creating challenges for CFOs and finance teams. SoDA provides a framework to address these issues, how it bridges these gaps, ensuring alignment with evolving standards like FASB ASU 2023-08
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