Most CPAs turn away crypto. We built our practice on it.

Yes. This is most of what we do. We rebuild cost basis from exchange exports, wallet addresses, and on-chain data, reconcile everything wallet by wallet, and document it so the numbers hold up if the IRS ever asks.

Starting with 2025 transactions, brokers report digital-asset sales to the IRS on Form 1099-DA. If your return does not match what they report, you can expect a notice. We reconcile your records against broker reporting before we file, so there is no mismatch.

Partly. The IRS sees what US exchanges and other custodial brokers (those that hold your coins for you) report on Form 1099-DA. For earlier years, it has used court-approved John Doe summonses, which cover customers not yet named, to seek exchange records. A self-custody wallet has no broker, so no Form 1099-DA covers it, but you still report that activity. Form 1040 asks every filer whether they received a digital asset as a reward or payment, or sold, traded or disposed of one.

Usually it is fixable, and fixing it proactively is far cheaper than waiting for the IRS to find it. We assess your exposure, prepare amended returns where needed, and get you current.

Yes. Current law has no de minimis exemption for small crypto gains, so every taxable crypto transaction must be reported, whatever the amount. The $600 thresholds only decide when a broker or payment processor must send a form, not what you report. A pending bill, H.R. 10357, would ignore gain or loss on crypto spent on fees of $10 or less. The exemption covers network fees, and trading fees paid in the coin traded. It would start in 2028, and traders, brokers and dealers would not qualify.

Yes, once the $1,000 is a realized gain, meaning you sold, traded or spent the crypto. Buying crypto with dollars and holding it is not taxed. Held one year or less, the gain is taxed at your ordinary income rate, from 10% to 37% in 2026. Held more than a year, it is taxed at 0%, 15% or 20%. It can be 0% if your 2026 taxable income stays within $49,450 as a single filer, or $98,900 on a joint return. A 3.8% net investment income tax can also apply above $200,000 of modified AGI for a single filer, or $250,000 jointly.

Yes, because trading one coin for another is a disposal of the coin you give up. Your gain or loss is the fair market value of the new coin, minus any fees and your basis in the old one. The new coin’s fair market value then becomes its basis. Trading, selling or spending a stablecoin is taxed like any other crypto disposal, though its steady price usually leaves little gain or loss.

Yes. Liquidity pools, lending protocols, perps and other derivatives, staking rewards, mining income, NFT sales and royalties, airdrops, and forks. We determine the correct income character and timing for each, with the reasoning documented.

Yes. Any tax professional with an IRS preparer tax identification number (PTIN) can prepare your federal return, crypto included. There is no separate federal credential for a crypto tax preparer. A CPA who does crypto work, often called a cryptocurrency accountant, is licensed by a state board of accountancy. CPAs, enrolled agents and attorneys can also represent you before the IRS in audits and appeals.

Crypto tax software can be enough for a simple year, such as buying and selling on one US exchange. A CPA earns the fee when records have gaps, such as coins moved in from another wallet without their basis. A CPA also signs your return, and can represent you if the IRS asks about it.

Yes. Bring exports from any major crypto tax platform, or just raw CSVs and wallet addresses. We work with whatever you have and clean it up from there.

Individual returns start at $195 and business returns at $495. Heavy reconciliation work is quoted upfront before we start. No hourly billing, no surprise invoices.

Bank-grade encryption in transit and at rest, private infrastructure, and your data is never shared with third parties or used to train AI models.