- By John L. Varga, III, ASA
- November 13, 2018
John L. Varga, ASA, Senior Vice President at MPI, was recently a guest on ACTEC’s “Trust and Estate Talk” podcast. John was interviewed on the topic of valuation and reporting of cryptocurrencies, such as Bitcoin, for income, gift, and estate tax returns. Listeners were introduced to MPI’s experience with this relatively new and controversial asset class that has been gaining recognition in the financial services community for several years.
John discussed existing tax regulations and new tax regulations crafted specifically for valuing cryptocurrencies, and how MPI has approached Bitcoin and other cryptocurrency valuations in the context of charitable gifting, intrafamily gifting, and estate tax returns.
To listen to or download the full podcast, please visit the ACTEC Foundation website.
MPI, a prestigious national consulting firm founded in 1939, specializes in business valuation, forensic accounting, litigation support and corporate advisory work. MPI provides fairness opinions, sell-side and buy-side advisory services through its investment banking affiliate MPI Securities, Inc. MPI conducts every project as if it is going to face the highest level of scrutiny, and its senior professionals have extensive experience presenting and defending work product in front of financial statement auditors, management teams, corporate boards and fiduciaries, the IRS, other government agencies, and in various courts.