Crypto Tax Reporting

Crypto tax reporting is a service designed for individual taxpayers. This service is referred to as a crypto reconciliation.

A crypto reconciliation involves verifying and matching cryptocurrency transactions and balances against both internal records and blockchain data to ensure accuracy. This process is vital for producing precise crypto tax reports, which are necessary for tax filings.

At Crypto Tax Specialist, every crypto tax client begins with a comprehensive evaluation. This service is completely free and provided before any invoices are issued.

An evaluation includes the following steps:

Clarifying the timeframe and extent of the reconciliation.
Listing and mapping all relevant accounts.
Compiling and structuring your transaction dataset.
Evaluating the volume and complexity of the reconciliation.

Using the dataset from the evaluation, we will analyze how many transactions require attention, such as unmatched transfers, pricing discrepancies, and other issues. Based on this analysis, a flat-fee quote will be provided.

Once the quote is accepted, the reconciliation continues with the following key steps:

You will work with a representative to capture a snapshot of your CeFi and DeFi holdings, ensuring we can verify the accuracy of your tax reports at the conclusion of the reconciliation process.
We will analyze and categorize as many unmatched transfers as possible.
You’ll collaborate with a representative to address any remaining unmatched transfers, which will then be updated in the dataset.
Any unresolved pricing discrepancies will be fixed, if applicable.
We will prepare detailed tax reports and send them to you for review.
Once step #5 is approved, then you will receive annual tax reports for each year within the project scope, along with one copy of your dataset and one copy of your list of accounts.

Once the reconciliation is finalized you will receive the following final deliverables: