BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month April 7, 2026 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Law
  • schedule 90 minutes

Tax Compliance for Crypto Mining and Staking Rewards

Rev. Proc. 2025-31 Safe Harbors, New Form 1099-DA, Identifying Taxable Events and Traps, Valuation

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About the Course

Introduction

This CLE/CPE webinar will provide tax counsel and advisers guidance on the current U.S. federal income tax treatment of cryptocurrency block rewards created or received from the "mining" or "staking" activities of the taxpayer that successfully validated transactions on the blockchain or other distributed ledger. The panel will discuss Rev. Proc. 2025-31 safe harbors for the staking of digital by exchange-traded products, reporting and new Form 1099-DA, and offer strategies for minimizing tax liability for cryptocurrency miners and stakers.

Description

Cryptocurrency is a digital currency using encryption techniques—rather than a central bank—to generate, exchange, and transfer currency units. The IRS requires taxpayers to report any transaction involving the "sale or exchange" of cryptocurrency, including the mining and staking rewards thereof.

The "mining" of cryptocurrency is one way that transactions on the blockchain ledger are verified (i.e., through a "proof of work" protocol), creating new tokens for the miner, which may subsequently be placed into public circulation. Typically, cryptocurrency miners receive newly minted virtual tokens and currencies for their mining activities, which the IRS appears to treat as a type of service, taxing the newly minted reward tokens upon receipt. Alternatively, the "staking" of cryptocurrencies utilizes a "proof-of-stake" consensus mechanism, which is intended to solve the energy inefficiency of crypto mining, while offering comparable blockchain security (by ensuring that the public ledger remains decentralized).

Recently, the IRS issued Rev. Proc. 2025-31 providing a safe harbor and guidance that would allow exchange-traded products to stake digital assets with no threat to the tax status of certain trusts for U.S. federal income tax purposes. Nonetheless, the failure to meet these safe harbor requirements, or properly report and substantiate the taxpayer's mining and staking activities, could result in a challenge by the IRS and its assertion of significant tax penalties on audit.

Listen as our panel discusses Rev. Proc. 2025-31, new Form 1099-DA, and the critical legal and factual issues that must be considered when determining the proper U.S. income tax treatment of crypto mining and stake reward transactions, including the recognition, timing, characterization, and reporting of mining and staking activities.

Presented By

Tom Geraghty
Shareholder
Vedder

Mr. Geraghty advises clients on tax aspects of complex domestic and cross-border transactions, long-term tax planning, tax position management and compliance, ensuring tax-efficient results that support their economic and business objectives. Clients ranging from small and mid-market private funds to startups and operating companies, and their executives and principals, rely on Mr. Geraghty for his forward-thinking strategies at all business stages. He advises on capital generation, fund and company formation, ongoing operations and tax-efficient outcomes at exit. Mr. Geraghty's experience spans joint ventures, mergers and acquisitions (including SPAC and up-C structures), securities offerings, equity investments, digital asset transactions (cryptocurrency, tokenized assets and smart contracts) and debt issuances.

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Megan L. Jones
Shareholder
Vedder

Ms. Jones is a highly skilled tax lawyer and a former investment banker who helps individuals, family offices and businesses navigate complex tax issues successfully. Combining a business-minded approach with cross-border experience and a results-driven focus, she structures tax-efficient transactions and tax plans while minimizing conflict. Ms. Jones's practice encompasses tax-efficient entity structuring, partnership and digital asset planning, and guidance through pre- and post-liquidity events. Startups, founders and established businesses rely on her for tax guidance on investments, cross-border mergers and acquisitions and going public. Ms. Jones helps clients manage complex holdings, private capital and multijurisdictional structures, advises on evolving tax regulations, and guides them from the startup phase through going public, domestic and international compliance, tax minimization and wealth preservation strategies.

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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • CPE credit is not available on recordings.

  • BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Tuesday, April 7, 2026

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Overview of the tax treatment of crypto and digital assets

II. Mining of cryptocurrencies

III. Staking of cryptocurrencies

IV. Rev. Proc. 2025-31 and other guidance to date

V. Valuation issues regarding mining and staking

VI. Liability for failing to report cryptocurrency transactions properly

VII. Key takeaways and pitfalls to avoid

The panel will review these and other key issues:

  • How does staking differ from mining, and how do they differ in terms of their U.S. income tax treatment?
  • What are the major tax pitfalls to avoid in advising clients who are involved in mining and/or staking activities?
  • How and when should mining and staking block rewards be valued?
  • What are the safe harbor requirements under Rev. Proc. 2025-31?
  • What are the best practices in avoiding or managing an IRS examination involving mining and staking activities?

Learning Objectives

After completing this course, you will be able to:

  • Identify staking rewards
  • Understand the safe harbor requirements under Rev. Proc. 2025-31
  • Determine similarities and differences between mining and staking activity
  • Decide how digital asset legislation could impact taxation of cryptocurrency activity
  • Ascertain which cryptocurrency transactions will be reported on new Form 1099-DA
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing income tax forms and schedules at mid-level within the organization, supervising other preparers/accountants. Specific knowledge and understanding of sale and exchange transactions; familiarity with virtual currency structures, foreign information reporting requirements.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

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