A field of accounting that interests me is tax accounting. I have wanted to be a tax accountant for a while now, which doesn't sound super exciting, but I figured it would carry a lot of stability, which was a huge factor in deciding. The article I decided to check out was "Accounting and Tax Specifics Regarding Cryptocurrency Trading at National and European Level" written by Cornelia Cioca. I have been very heavily invested (haha) in this topic in recent times due to its big day with the SEC. This article discusses how the use of cryptocurrency ties into reporting on taxes. One quote that caught my attention was "Cryptocurrency trading is an attractive activity for investors, but it is very risky due to the lack of regulation of this sector of activity, as well as the high risk of fraud. Not being a regulated activity, there have been a number of frauds in this area, some even from within the companies that manage clients' cryptocurrencies, but even from the creators of certain cryptocurrencies. "(Cioca, 2023). As it stands, crypto is currently reported on a separate form for tax returns called the 8949. My current concerns are the moving away from traditional sources which I'm currently learning. I know I can adapt as more things are codified in the modern world, however change is scary. As the field changes I hope I can continue to learn more.

Based on the above please answered the below 

Explain why or why not you'd be interested in your peer's specialization.

Explain whether you agree with the possible expected challenges in the specialized field of accounting. Why or why not?

• If you do not agree, provide at least one constructive suggestion as to why it may not be a foreseen challenge.

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1 Interest in Tax Accounting Its great to hear that you have a strong interest in tax accounting Tax ... View the full answer