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Crypto Taxation

Guidance on evolving IRS rules and strategies to minimize your crypto tax burden while staying fully compliant with the latest laws.

Cryptocurrency coins--Bitcoin, Ethereum, Litecoin, Dash--placed atop a printed financial spreadsheet with rising numerical data, alongside a pen and smartphone, symbolizing the integration of digital assets into traditional investment tracking and portfolio analysis.

April 9, 2025

IRS Crypto Reporting: What’s New and What to Watch For in 2025

Cryptocurrency may be decentralized, but the IRS is anything but hands-off when it comes to taxing it.
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Professional woman seated in a high-rise office analyzing financial data across multiple screens--line graphs. pie charts, and bar metrics reflect active crypto trading, portfolio management, and strategic investment decisions in a digitally sophisticated workspace.

March 5, 2025

What Are Unrealized Gains? A Simple Guide That Could Save You Money 

Understanding unrealized gains can help you make smarter financial decisions and, more importantly, avoid unnecessary tax liabilities. 
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Young woman seated at a table in modern building with leafy, map-accented backdrop--holding a credit card while using a laptop, surrounded by a notebook, smartphone and eyeglasses, showcasing the reality of personal finance, crypto onboarding, or stablecoin-enabled digital transactions.

February 24, 2025

The Tax Implications of Different Crypto Transactions: Trading, Mining, and Staking

Explore the tax implications of trading, mining, and staking cryptocurrencies. Our technical guide breaks down complex scenarios for informed decision-making.
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Two individuals seated on a blue couch reviewing tax documents, surrounded by a notebook, a glass of water and a calculator--the woman is focused on calculations the man is rubbing his eyes in fatigue, capturing the emotional weight and cognitive effort of financial planning, budgeting, or crypto tax prep.

February 17, 2025

7 Crypto Tax Mistakes That Could Trigger an IRS Audit in 2025 

Avoid costly crypto tax mistakes that could trigger an IRS audit in 2025. Learn about Form 1099-DA, DeFi tax rules, and how to report crypto transactions correctly
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February 3, 2025

2025 Crypto Tax Guide: What You Need to Know to Avoid Trouble with the IRS 

This comprehensive crypto tax guide will help you understand the latest rules, avoid common pitfalls, and explore strategies to optimize your situation in 2025.
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Bitcoin coins resting on a brown leather wallet atop a wooden desk--surrounded by office supplies and traditional currency, bridging digital assets with everyday finance, reflecting the grounded realities of crypto advisory and personal wealth strategy.

September 27, 2024

Revenue Procedure 2024-28: Navigating the New Basis Allocation Rules for Digital Assets 

Taxpayers are encouraged to work with crypto tax specialists to ensure they fully understand and implement the safe harbor provisions and have the proper systems in place before the January 1, 2025 deadline. 
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Two gold-toned Bitcoin coins placed atop a fan of U.S. hundred-dollar bills on a light blue surface--visually merging traditional currency with digital assets, symbolizing the layered value and evolving landscape of crypto finance advisory

June 26, 2024

Gifting Cryptocurrency

Gifting cryptocurrency to friends and family is quite common amongst crypto users, especially during a bull market like now. Before you send out bunch of coins to other people as a gift, there are several things you need to know.
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IRS Form 1099-MISC labeled 'Miscellaneous Income' placed beside a stack of hundred-dollar bills, a blue pen, and part of the American flag--visually linking income reporting, national responsibility, and the nuanced layers of freelance, crypto, or advisory tax planning.

June 25, 2024

Navigating the Complexities of Draft Form 1099-DA

This comprehensive overview will dissect the various components of the form, highlighting areas of concern and offering guidance on navigating these complexities.
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Young woman seated at desk with face buried in hands, laptop screen showing trends of rising data curves--capturing the pressure of navigating financial uncertainty in a remote work setting.

June 25, 2024

Losses from “Substantial Decline in Value” of Crypto Assets aren’t Deductible

Crypto investors know 2022 was a banner year for failures and frauds in the crypto space. In our practice, we are often asked whether taxpayers are entitled to deduct losses from such events.
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Male trader seated at a desk with multiple monitors displaying volatile financial charts--eyes closed and hand on forehead, conveying the emotional toll of crypto market fluctuations, high-stakes investment, and the human side of financial decision-making,

June 25, 2024

Wash Sale Rules May Soon Apply to Your Crypto Losses

But what are wash sales, why don’t they currently apply to crypto trades, and how are they useful? Let’s dig in.
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