About
My name is Justin McComrick and I am the go to expert on all things crypto tax
I specialize in cryptocurrency reconciliations. In simpler terms, I help clients with calculating their crypto taxes.
CS (B.S.) and Law (J.D.) background allows me to be uniquely capable of assisting you with everything crypto tax
I’m a crypto degen myself
Leader in all things crypto tax
My History with Crypto
2021
- Started my first job in crypto taxation as a crypto tax attorney in late 2021.
- Started diving deep into crypto and learning more about crypto taxes and reconciliations.
- Created my own crypto dataset to better understand what clients are going through and to develop an accurate and efficient crypto reconciliation process. My own dataset consists of most of the common crypto activity, such as bridging, wrapping, liquidity pools, NFT trades, defi swaps, NFT games, mining, staking, and more.
2022
- Post dataset creation, I finalized an initial crypto reconciliation process that involves using a single sided ledger rather than the commonly used double sided ledger process. This allows for significantly easier asset tracking and specific identification, regardless of the cost basis method. Over the year, I would go on to iron this out to be even better.
- Created my first custom solution for a client by creating a script, written in Java, to pull Cardano NFTs.
- Started and finished my first complex client. This dataset had 40+ wallets, 50k+ transactions, and a lot of unique activity.
- Taught myself Python as I realized Java was not the best programming language for creating custom scripts.
- Created my second custom solution for a client by creating a script, written in Python, to screen scrape Gala node data off of the Gala’ website.
- Started my second job in crypto taxation at an accounting firm.
- Learned a lot about accounting and added being able to create monthly journal entries into the crypto tax process for business clients.
- Created a script that automates financial tax workbooks. This has been one of the most beneficial scripts I have ever created for clients. A normal crypto tax firm spends around 15 to 30 minutes of billed time per workbook generation. A client with a scope of 2018 through 2022 will likely go through a minimum of 8 workbooks. This is 1 per year and 2 iterations as a minimum for accuracy and changes post initial workbook creation. 8 workbooks is between 2 and 4 hours of time, which if billed at $300, is $600 to $1,200 in costs. This script now lowers the amount of time spent to 15-30 minutes per creation. This lowers the cost for a typical client from $6,00 to $1,200 to $150 to $300. Additionally, this savings scales exponentially for complex clients.
2023
- Created a script that pulls NFT collection data which allows for insanely easy royalty matching for an NFT business.
- Started working on, and am still ironing out, a great intake process for clients. This process allows for more accurate and easier intakes which results in clients generally saving 4+ hours of billed time.
- Created a script to pull Polygon (Matic) data for a client that had a few wallets with a million+ transactions in each.
- Started a Youtube channel and an online course to help educate on crypto taxes and crypto reconciliations.
- Created my own tax calculator script and pivoted away from Bitcoin.tax. Bitcoin.tax is still great for normal client datasets but falls short when clients have massive amounts of data, i.e., 100,000+ transactions. This script allows for financial calculations in roughly a minute compared to 2 to 30+ minutes using Bitcoin.tax.
- Created a new financial workbook script that integrates with the above tax script. This new script includes a tax transmittal tab, a monthly breakout tab, and the form 8949 statement. This allows for everything needed to be within one automated document. This ends up saving every client multiple hours per project.
200+
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10,000,000+
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Satisfied Clients
Worked with Justin to do a very complicated crypto reconciliation. I had tons of trades on ETH, SOL and BSC! I bought multiple launcher coins (ie oxbull) and staked a bunch of different altcoins. My friend group sent money back and forth quite freely. Justin got everything organized. Would highly recommend him highly.
Let me start by saying that I have spoken to many accountants and many of them did not have the knowledge to assist me. Honestly, they are the gold standard when it comes to crypto taxes and preparation. I was so worried because I had a lot of transactions from different exchange platforms to the point it gave me a headache. I first had a consultation with Justin. I immediately knew they were the ones to help because they were able to answer every question and concern I had. Justin was incredible every step of the way. He was responsive to emails and questions and made me feel like an individual and not just another random client of theirs. They provide great service and their turnaround time is fast yet efficient. I can’t say enough about this company. They were really accommodating and made sure that I understood everything which was a huge plus for a new crypto investor.
Justin did a great job putting together my taxes, which involved multiple exchanges/defi protocols, over the counter lending, and NFTs. He was highly responsive and knowledgeable, and demonstrated an ability to reason about the costs and benefits of different tax positions I could take, as well as walk me through their implications. Would recommend to anyone with complicated crypto taxes, especially if other lawyers/accountants have had issues.
