Session Title: "Dealing with Cryptocurrency Tax Traps and New Legislation"
Speaker: Annette Nellen, Professor, San Jose State University, USA
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Session description: Tax issues abound regarding cryptocurrency such as tracking for dispositions, staking, wrapping, hard forks, answering the 1040 question, getting a qualified appraisal on a donation, and dealing with similar digital assets. New federal legislation raises new questions. This presentation covers key tax rules, dealing with open issues and new tax legislation on digital assets.

Bio:  Annette Nellen is a professor in and director of San José State University's graduate tax program (MST), teaching courses in tax research, accounting methods, individual tax, property transactions, employment tax, ethics, and tax policy. At SJSU, Annette is a past chair of the Academic Senate and the recipient of the Outstanding Teaching Award (2000/2001) and Distinguished Service Award (2004/2005). Annette is active in the tax sections of the AICPA (including as a former chair of the Tax Executive Committee), ABA (including as former chair of the Sales, Exchanges & Basis Committee) and California Lawyers Association. In 2020- 2021, she served on the AICPA-NASBA CPA Evolution Education Advisory Group as co-chair of the Tax Compliance & Planning Model Curriculum Task Force. She also serves on CalCPA’s Accounting Education Committee. Crypto: Annette has served on the AICPA Tax Section’s Virtual Currency Task Force since formed in 2013 and was appointed to the new ABA Tax Section Crypto Task Force in October 2021. She has written for the Lukka Library. Annette maintains a website on numerous matters connected with virtual currency and the blockchain to serve as a resource to interested persons Annette is the recipient of the 2013 Arthur J. Dixon Memorial Award given by the Tax Division of the AICPA, the highest award given by the accounting profession in the area of taxation, and the 2019 Benjamin F. Miller Award from the Taxation Section of the California Lawyers Association for achievement and contribution in the field of state and local taxation law. Annette is a fellow in the American College of Tax Counsel. Annette is the author of Bloomberg BNA Tax Portfolio #533, Amortization of Intangibles, and Tax Analysts’ Tax Notes State Moving Forward? column. Annette is a contributor to CCH’s Top Federal Tax Issues, and is co-author/co-editor of four tax textbooks from Cengage (SWFT series). Annette is a frequent speaker on tax developments, new economy tax matters, tax reform and tax policy. She has testified several times before various legislative committees and tax reform commissions on tax policy and reform. Annette runs the 21st Century Taxation website and blog ( Prior to joining SJSU in 1990, Annette worked at a Fortune 500 company, the IRS and a Big 4 CPA firm (10 years total). Annette is a graduate of CSU Northridge (BS Business Administration; Accounting), Pepperdine University (MBA), and Loyola Law School (JD)