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PHILIPP BEHRENDT to Speak at Upcoming Beverly Hills Bar Association Webinars – July 23 and 25, 2024

We are pleased to announce that Philipp Behrendt will be speaking on two  upcoming Beverly Hills Bar Association programs focused on the Review of New IRS Regulations on Digital Asset Transaction Reporting for Brokers, which will address the following topics:

This program will focus on the application of the final regulations, guiding attorneys who advise brokers and taxpayers on what to expect from broker reporting requirements. It will cover the specific obligations for brokers, including filing information returns and furnishing payee statements. This session will explain the processes involved, specifying who is required to report, the types of transactions covered, and the timelines for compliance. Attorneys will gain crucial insights into advising their clients on the practical aspects of broker reporting under the final regulations.

This panel will examine the broader implications of the final regulations, particularly in relation to the computation of gross proceeds and basis, guiding attorneys on these critical issues. This session will discuss how the new reporting requirements influence the calculation of these financial metrics, which are essential for accurate tax reporting and compliance. Experts will explore the methodologies for determining gross proceeds and basis in digital asset transactions, highlighting the challenges and opportunities presented by the regulatory changes. Attorneys will gain valuable insights into advising their clients on these complex regulatory changes.

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For more information please contact Philipp Behrendt at behrendt@taxlitigator.com.

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