QUESTION 9 If blockchain transactions are anonymous, how can IRS identify the owners of virtual currency? third-party reporting O Judicial summons issued to virtual currency firms O whistleblowers O taxpayer's identifying themselves O all of these QUESTION 10 One of your clients is a technology and software company with a huge server farm. They have been mining virtual currency for a couple of years and have decided that they want to take the next step and create their own virtual currency. Assuming that they have all of the technology expertise that they need, will they need to register their virtual coin offering with the SEC? O No, because virtual currency is treated as currency O No, because virtual currency is treated as property Yes, because initial offerings of virtual currency are securities under the Howey rule O No, because this is just technology QUESTION 11 Juliette owns virtual currency as an investment. The currency decided to issue a more spendable currency and created a hard fork, automatically issuing Juliette a few of the new coins in 2021. Juliette has to report receipt of the hard fork currency on her 2021 federal income tax return. True or False? True O False QUESTION 12 If a Texas CPA Firm suffers a security breach, the firm is required to notify the Texas Attorney General, o if the breach involves the personal data of at least 250 Texas residents O a CPA firm would never have to notify the Texas Attorney General of a breach only if the CPA firm does personal tax returns O if the breach involves individuals earning over $1 million in Texas