Companies that receive crypto, hold it or pay with it can leave their crypto tax accounting to Valim’s CPAs.

Generally, the business counts the crypto as income at its fair market value in dollars on the day it arrives, like cash revenue. That value becomes its basis in the coins. When it later sells, swaps or spends them, its gain or loss is what it gets, less fees, minus that basis.

Yes, USDC payments to contractors go on Form 1099-NEC just as dollar payments do. For payments made in 2026, you generally file one for each contractor paid $2,000 or more. The threshold was $600 for 2025 payments. Each USDC payment counts at its dollar value on the day you make it. Paying in USDC is also a disposal, as if the company sold it, with a gain or loss to report.

Generally not, because a bitcoin gain becomes taxable income only when the company sells or otherwise disposes of the bitcoin. Under ASU 2023-08, a company’s GAAP books show fair value gains in net income, but those gains are not taxable income. The exception is the 15% corporate AMT, for a corporation that averages over $1 billion of adjusted book income across three years. S corporations are outside it, and the income of related companies in a group counts toward that line. Even under the corporate AMT, Notice 2025-49 lets the corporation elect to leave unrealized gains out until it sells. That relief lasts until the IRS publishes proposed regulations to replace it.

Yes, converting USDC to dollars is a sale of a digital asset. The company’s gain or loss is the dollars it receives, less any fees, minus its basis in the USDC. USDC rarely strays far from $1, so the gain or loss tends to be small, yet each conversion still goes on the company’s return. As introduced, a pending bill, H.R. 10357, would remove that gain or loss on most conversions of qualified dollar stablecoins from 2027.

Probably not, because only brokers file Form 1099-DA, which began with 2025 sales. Brokers include custodial exchanges such as Coinbase, which hold their customers’ crypto, and some crypto payment processors. A company that only receives, holds or pays out crypto in its own business is generally not a broker for that activity. A token issuer is different: if it regularly offers to redeem tokens it issued, it counts as a broker. Your company may still receive one, or a gain/loss statement, from the exchange it uses.

As introduced, the Digital Asset Tax Certainty Act (H.R. 10357) would value qualified dollar stablecoins at their redemption value from 2027. Routine conversions, priced within half a percent of that value, would then bring no gain or loss. From 2028, a de minimis rule would exempt small network fees paid in crypto. Neither rule would cover traders, brokers or dealers. The bill was introduced in the House on September 14, 2026 and is not yet law. The Ways and Means Committee approved an amended version 38 to 5 on September 16, 2026.