Advanced Cryptocurrency & Digital Asset Tax Reporting
Crypto & Digital Asset Reporting
Services Overview
Navigate digital asset waters with clarity and precision.
Crypto transactions require detailed IRS integration. You provide transaction exports; we classify events, calculate gains and income, and apply reporting thresholds—seamlessly embedding your crypto activity into your return.
Frequently Asked Questions
How are crypto-to-crypto trades taxed?
Every exchange of crypto constitutes a taxable disposition; we accurately classify and report each event on Form 8949.
How is staking and mining income reported?
Staking rewards and mining proceeds are ordinary income at fair-market value on receipt and are reported on Schedule 1.
Do NFT sales require separate reporting?
Yes. NFT dispositions are reported on Form 8949 with cost basis and gain calculations, similar to other capital assets.
Which crypto assets trigger FBAR or FATCA?
Custodial holdings on foreign platforms and wallets exceed thresholds require FBAR (FinCEN 114) and FATCA (Form 8938) disclosures.
What penalties exist for crypto-reporting errors?
Underpayment penalties of 20% can apply for inaccurate gains; unreported accounts face FBAR fines up to \$10,000 per non-willful violation.
More Individual Tax Services
Crypto & Digital Asset Reporting
FBAR Reporting (FinCEN 114)
FATCA Asset Reporting (Form 8938)
Foreign Entity Ownership Reporting
Foreign Trust & Gift Reporting
Nonresident & Dual Status Filers
PFIC Reporting (Form 8621)
Streamlined Filing Compliance Procedures
Next Steps
Chart your crypto compliance—complete the contact form or set sail by creating your account.
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