Our Mission
Accurate and affordable results
At our core, we aim to deliver affordable and accurate crypto tax services to our clients. We know how frustrating and complex navigating crypto taxes can be, especially when it comes to translating your crypto portfolio into clear, actionable data. That’s where we excel.
With over three years of experience in the crypto tax industry, we’ve encountered virtually every scenario. Whether you have a straightforward setup—a Coinbase account and a ledger—or a complex portfolio — 25 exchange accounts and 231 DeFi wallets—we’re here to guide you through it.
We reject the notion that taxes must be expensive simply because they’re complicated. Over the years, we’ve mastered the tools of this trade, uncovering ways to streamline processes and deliver exceptional results at an affordable price.
Our founder’s unique expertise in both computer science and law has been instrumental in automating large portions of the crypto reconciliation process. These automations minimize time-consuming manual work while maintaining high quality standards. By leveraging these efficiencies, we proudly offer flat-fee engagements, passing the savings and simplicity directly to you.
Contact UsWhy Choose Us
Affordable
We exclusively offer flat-fee engagements and are committed to continually finding ways to reduce costs for both our clients and ourselves.
Experience
We have extensive experience working with a diverse range of clients, from straightforward cases to highly complex scenarios. This breadth of expertise enables us to assist with confidence, having encountered nearly every situation imaginable.
Reliability
Whatever the challenge, you can rely on us to find a solution. Our dedication to problem-solving ensures we’ll go the extra mile to meet your needs.
IRS Crypto Tax Updates: Be Prepared for 2025!
Key Clarifications:
- FIFO is the default cost basis method. The only exception is if you use specific identification, which is not the same as LIFO or HIFO. You must carefully document each instance of specific identification prior to the trade.
- Starting January 1, 2025, all taxpayers must use an account-by-account cost basis method, often referred to as a depot method. While many crypto tax software solutions support this, it significantly complicates the process of telling your story through data.
- There is a safe harbor for those who previously used a universal cost basis method (most taxpayers). However, to qualify, you’ll need to complete this safe harbor prior to January 1, 2025. While there are a few exceptions that may extend the deadline beyond January 1, 2025, these are unlikely to apply to most individuals.
How We Can Help:
- Contact us today for our crypto tax reporting service to ensure accurate filings and a seamless transition to the safe harbor rules before the January 1, 2025 deadline. Already a client? Rest assured—we’ve got everything covered!
- Our firm is fully prepared to handle account-by-account calculations and specific identification methods. We’ve integrated these procedures directly into our tax reports and provide user-friendly templates to streamline the process. Additionally, all our tools undergo rigorous audits to guarantee accuracy, giving you confidence in your tax filings at every step.
Tips for Reducing Crypto Tax Reconciliation Costs:
- Consolidate your accounts: Fewer accounts make reconciliation easier and more affordable. For example, switching from 3 exchange accounts and 20 DeFi wallets to 2 exchange accounts and 5 wallets can lower cost.
- Take regular snapshots: Ideally once a quarter, but at least annually. Exchange data can be unreliable at times, and having snapshots helps verify accuracy and catch discrepancies.
- Use specific identification with regular reconciliations: This lets you mimic HIFO while staying compliant. Just remember to document everything before completing transactions. Without proof, the IRS will revert you back to FIFO for that transaction.
