Topics covered include: Basic understanding of cryptocurrency; History of virtual currencies and explain how they work; Review some of the legal issues involved with virtual currencies; Advantages and disadvantages of using virtual currencies; Review the IRS rules for tracking and reporting cryptocurrency transactions for tax purposes. Upon completing this course, you should be able to: Define cryptocurrency; Recognize the tax implications of using or investing in cryptocurrency; Identify how the IRS defines virtual currency; Identify advantages and disadvantages to using cryptocurrency; Describe the first cyptopcurrency and when it was created and released; Differentiate correct statements regarding the history of Bitcoin; Recognize case studies and how they could apply to your clients; Differentiate correct statements with respect to virtual currencies and taxes; Identify most commonly used currencies.