Crypto Tax Reporting
1099-DA Changed Everything. Are You Ready?
The IRS now receives your crypto transaction data directly from brokers. If your cost basis doesn’t match, your wallet activity isn’t reconciled, or your 1099-DA data has gaps — you’re exposed.
Chainwise CPA reconciles, corrects, and files — so your return matches what the IRS already sees.
View Our Pricing
Get Your Free 1099-DA Compliance Proposal
The April 15 deadline is approaching. Tell us about your crypto situation and we’ll assess your 1099-DA exposure and provide custom pricing — before time runs out.
DESIGNED AROUND 1099-DA COMPLIANCE
Tax Services Built to Match What the IRS Already Knows
The IRS isn’t guessing anymore — they’re matching. Every plan we offer includes 1099-DA reconciliation, cost basis correction, and audit-ready documentation. Choose the scope that matches your situation.
Complete Reconciliation
Full multi-year cleanup and accurate crypto records for all years.
Feature
Full-Service Filing
Complete Reconciliation
Review & Cleanup
One-time TY2025 Engagement
2025 Federal & State Tax Return Preparation
Crypto Diagnostic Review (2025 only)
2025 Transaction Review & Corrections (major issues only)
Multi-Year Cleanup (Pre-2025)
Wallet-by-Wallet Transition (Rev. Proc. 2024-28)
1099-DA Matching/Review
Filing-Ready Crypto Tax Reports for 2025
Filing-Ready Crypto Tax Reports for All Years
Coordination Between Crypto & Tax Filing
Correct Crypto Tax Return Filing for 2025
Pricing starts with a base estimate and is confirmed after reviewing your records. As additional information becomes available or complexity arises, any scope or fee adjustments will be clearly communicated and approved before proceeding.
Additional fees may apply based on complexity, including:
- High transaction volume or multiple wallets/exchanges
- Complex activity (DeFi, NFTs, staking, derivatives, etc.)
- Multi-year cleanup or prior-year corrections
- Wallet-by-wallet transition (if required)
- Incomplete or inconsistent records
- For Full Filing Support: complex tax situations (multi-state, international, additional forms)
The 2025 Form 1099-DA reports gross proceeds only, not cost basis. Accurate reporting requires wallet-level reconciliation and expert review.
Without proper reconciliation:
- Gains/losses may be overstated or understated
- IRS mismatches are more likely
- Audit and notice risk increases
Right Fit Client
Not every client is a fit for every firm—and that’s a good thing. See how we ensure each engagement is built on the right alignment of goals, values, and expectations.
Have more questions?
Our FAQ page is designed to give you straightforward answers to the most common questions about our services, process, and approach. Click below to find guidance here to help you understand how we work—and how we can support your goals with proactive, intelligent tax strategy.
Service Item Glossary
Below is a quick-reference glossary explaining what each service item includes, so clients clearly understand the value provided in each plan.
Full-Service Filing
Businesses that want fully aligned crypto, accounting, and tax handled end-to-end by one provider.
Complete Reconciliation
Businesses working with another CPA but needing clean, reconciled crypto and accounting records for filing.
Feature
Full-Service Filing
Complete Reconciliation
One-time engagement (TY2025)
2025 Business Tax Return Preparation (Federal + Home State)
Crypto Diagnostic Review
Full Crypto Reconciliation
Accounting Cleanup
Wallet-by-Wallet Alignment
Form 1099-DA Matching
Filing-Ready Financials & Crypto Reports
Coordination Between Crypto, Accounting & Tax Filing
Pricing is based on standard assumptions and confirmed after reviewing your records. As additional information becomes available or complexity arises, any scope or fee adjustments will be clearly communicated and approved before proceeding.
Additional fees may apply for:
- Complex crypto activity (DeFi, NFTs, staking, etc.)
- Multi-entity structures or consolidations
- Significant cleanup or historical corrections
- Additional tax forms or multi-state/international filings
- Incomplete or disorganized records
This is a targeted, compliance-focused after year end cleanup, not a full bookkeeping engagement.
Included (for 2025):
- Full crypto reconciliation
- Light bookkeeping support for crypto-related adjustments
- High-level review of accounting records
- Targeted year-end adjustments
Not included:
- Full bookkeeping
- Multi-year cleanup
- Prior-year corrections
- Ongoing accounting services
- Controller-level oversight
Any work outside this scope must be approved under a separate engagement.
Right Fit Client
Not every client is a fit for every firm—and that’s a good thing. See how we ensure each engagement is built on the right alignment of goals, values, and expectations.
Have more questions?
Our FAQ page is designed to give you straightforward answers to the most common questions about our services, process, and approach. Click below to find guidance here to help you understand how we work—and how we can support your goals with proactive, intelligent tax strategy.
Service Item Glossary
Below is a quick-reference glossary explaining what each service item includes, so clients clearly understand the value provided in each plan.
Important Note:
Clients with crypto activity are not eligible for Tax–Only services. Compliant tax return preparation requires integrated crypto reconciliation and reporting provided by our firm due to regulatory and risk considerations.
View Our Pricing
Don't Wait for an IRS Notice
Tell us about your crypto tax situation and we’ll provide pricing immediately.
Stay Compliant
We Reconcile the Truth Behind the Form
Most CPAs treat 1099-DA like a standard tax form. We don’t.
Chainwise CPA performs wallet-level reconciliation, validates transaction history, corrects cost basis, and aligns your 1099-DA data with defensible tax reporting — all documented for audit readiness.
Crypto Account Reconciliation
We go wallet by wallet, platform by platform. Every transaction classified, every cost basis verified, every gap identified — before it becomes a problem.
1099-DA MATCHING & COMPLIANCE
We reconcile every Form 1099-DA you receive against your actual transaction history. Broker-reported data is frequently inaccurate — especially for transferred assets, missing cost basis, and cross-platform activity.
Tax Compliance & Resolution
Already received an IRS notice? We handle crypto tax resolution services — audits, notices, and disputes — so you don’t face the IRS alone.
Crypto & Fiat Accounting
For businesses holding or transacting in crypto, we integrate blockchain records with traditional accounting — transaction reconciliation, financial reporting, and defensible books.
YOUR 1099-DA QUESTIONS ANSWERED
Why 1099-DA Makes Crypto Taxes Harder, Not Easier
You’d think a new IRS form would simplify things. It doesn’t. Brokers report what they see — but they can’t see everything. Transfers between wallets, DeFi activity, staking rewards, and cross-platform swaps often create gaps between what your 1099-DA shows and what actually happened.
Those gaps are exactly what the IRS will flag. Here are the questions we hear most from clients navigating 1099-DA for the first time.
Form 1099-DA is a new IRS form that crypto exchanges use to report your digital asset transactions directly to the IRS starting with Tax Year 2025. If you used a centralized exchange like Coinbase, Kraken, or Gemini, you’ll likely receive one — but the cost basis reported is often incomplete or inaccurate.
Don’t file using incorrect data — it will either cause you to overpay taxes or trigger an IRS mismatch notice. The fix is wallet-by-wallet reconciliation to reconstruct your actual cost basis across every platform and wallet.
Centralized exchanges like Coinbase and Kraken are required to report, but decentralized exchanges, DeFi protocols, and self-custodied wallets currently are not. That doesn’t mean the activity isn’t taxable — the IRS still expects you to report all of it.
You’re responsible for reporting all taxable crypto activity regardless of whether it appears on a 1099-DA — including DeFi, staking, airdrops, and NFT sales. The right approach is to reconcile your complete history across every wallet and platform, then file with documentation that supports any discrepancies.
The IRS can now cross-reference your return against the 1099-DA data brokers sent them, and mismatches trigger penalties of 20–25% of the underpayment — or worse. Coming into compliance proactively is always better than waiting for a notice.
About Us
Why Choose Chainwise CPA?
In the ever-evolving world of cryptocurrency, staying compliant with current tax regulations can feel like navigating a minefield. Why go it alone when you can have a crypto-native CPA team at your side?
Integrated, Not Isolated
We combine traditional finances, digital assets, and strategic tax planning into one cohesive approach that protects and grows your wealth.
Tailored To You
Serving investors and families with sophisticated needs. We understand complex financial situations and provide the guidance you deserve.
Proactive, Not Reactive
Year-round planning to identify opportunities, minimize liabilities, and keep you prepared for exits, audits, and major life transitions.
What Our Clients Say
Trusted by Taxpayers Nationwide
Don’t just take our word for it – hear from the clients we’ve helped navigate the complex world of cryptocurrency and traditional taxation.
Our clients’ success stories speak volumes about our expertise, dedication, and the real-world impact of our services.
As I researched this topic, one crypto advisory group clearly stood out amongst their competition, and that was Polygon Advisory Group. Before I could sign up with them, I had to have brief meeting with them to see if my needs and their talents would align. After our 15 minute intro meeting, I was more than convinced they had the skillset, and desire, to unravel my crypto challenges.
I have to commend Daniel B. and his extraordinary talent to analyze my crypto reports and then provide reconciliation for all of my accounts. He was also intuitive to recognize many gaps in my information and then investigate deeper to connect all of the data points. There is no possible way I could have performed such a feat by myself. When all was finished, Daniel went back in my previous tax returns and even recommended that I file amendments for the last 5 years, and that ended up saving me a lot of money (excess $10K) due to me incorrectly reporting my crypto income.
Closing: So many companies are only willing to document the numbers that you provide them and then quickly close your file. Polygon Advisory Group digs in deep and investigates the incomplete files/data and helps you bring resolve to your crypto headaches. I'll use them again next year, as they have my complete trust!
The whole time the team provided timely responses and were able to guide me during the whole process and explained what was being done.
Had a couple of zoom calls before even starting working with them to clarify if they were the correct people to help me with my crypto situation.
Very knowledgeable, helpful, courteous, highly recommended
Case Studies
Success Stories from Clients Who Plan Ahead
From startup founders to seasoned professionals, our clients turn complexity into clarity. Explore how proactive tax strategy helps high-achievers preserve wealth, stay compliant, and plan with confidence.
Individual Client
From Confusion to Confidence: A Physician’s Crypto Tax Journey
A physician saved hundreds of hours and gained total peace of mind as Chainwise simplified crypto tax reporting with precision, responsiveness, and clarity.
Individual Client
Peace of Mind, Not Panic: One Developer’s Crypto Tax Solution
A developer reconciled 10,000 crypto transactions and saved 200 hours while gaining confidence, clarity, and relief through expert, hands-on CPA support.
All case studies are based on real client submissions collected through our Case Study Questionnaire. Each story is shared with permission and reflects genuine results from actual Chainwise CPA engagements.
Get Started Today
The IRS Isn't Waiting. Neither Should You.
Don’t let the April 15 deadline pass with unresolved 1099-DA issues. Partner with our CPA team and get your crypto tax situation handled — accurately, completely, and on time.
- A comprehensive review of your crypto portfolio
- 1099-DA reconciliation and cost basis correction
- Clear answers to your crypto and traditional tax questions
Take the first step towards tax clarity today!