CRYPTOCURRENCY TAX SERVICES FOR US CLIENTS

What are cryptocurrency tax services?

Cryptocurrency tax services present aid in reporting each digital asset transaction precisely — and keep your relevant return in parallel to the IRS rules. For US tax purposes, digital assets like cryptocurrency are simply treated as property — not currency — so each taxable event needs to be tracked and reported accurately.

At Wasserman Accounting, we focus on crypto taxes for individual taxpayers and traders as well as businesses across the US. We present assistance in:

• Tracking the cost basis and gains for coins and tokens
• Sorting income from mining or staking activities, airdrops, or being paid in crypto
• Preparing the forms necessary for cryptocurrency tax services — covering crypto-related schedules and attachments

Which crypto transactions can affect your taxes?

Crypto transactions have an impact on your taxes when you sell or trade, spend, or earn digital assets. Every time you dispose of a coin or token, you can have a gain or loss for federal income tax purposes. We can present the common examples as below:

• Selling cryptocurrency for USD
• Swapping one coin or token for another
• Using crypto to pay for goods or services
• Receiving digital assets as payment for work
• Mining or staking rewards — credited to your wallet
• NFT sales or royalties

Here is a simple overview table:

• Buying crypto with dollars — Usually not taxable by itself
• Selling or trading crypto — Capital gain or capital loss
• Getting paid in cryptocurrency — Ordinary income — possibly self-employment
• Mining, staking, or protocol rewards — Taxable income when received

Who should consider crypto taxes support from a CPA?

Crypto taxation support is leverageable for any taxpayer whose digital asset activity goes beyond a single buy-and-hold purchase. Professional assistance is helpful in the case of:

• Trading across several exchanges or wallets
• Using DeFi platforms and liquidity pools or yield strategies
• Buying or selling non-fungible tokens (NFTs)
• Receiving tokens as part of a startup and DAO or compensation package
• Running a business that accepts cryptocurrency from customers

Wasserman Accounting provides cryptocurrency tax filing services for people at all of these stages — from first-time investors to high-volume traders.

How does Wasserman Accounting handle crypto taxation?

Wasserman Accounting follows a clear process to bring order to your crypto taxes — from start to finish.

Discovery and goals

We start with a conversation about your exchanges and wallets with DeFi platforms as well as any prior-year issues.

Data gathering

You share CSV exports or API reports and statements from each platform — so we can see the full picture.

Reconciliation of activity

We match transfers between wallets and identify missing records — then organize trades, income, and fees into a clean transaction history.

Tax calculation and forms

We calculate gains and losses, then classify income and prepare the necessary schedules — covering Form 8949 for digital asset disposals where needed.

Filing and follow-up

We cover your crypto taxation results in your federal and state returns — and remain available if questions come from tax authorities.

What specialized cryptocurrency tax services do you offer?

Our cryptocurrency tax services are custom-designed to cover the wide range of issues that come with digital assets as outlined below:

Cryptocurrency tax preparation for current-year trading

We handle spot trades, margin activity, futures, options, and on-chain swaps in one coordinated report.

Cleanup of past returns with unreported crypto

If earlier filings missed digital asset activity, our team can prepare amended returns in order to correct the record.

Support for frozen or inaccessible platforms

When exchanges shut down or limit withdrawals, we simply work with available statements and legal updates in order to present your distinct position as clearly as possible.

Assessment of fraud, hacks, and “rug pull” events

We review wallet records and transaction history — in order to determine how losses may be treated for tax purposes under current guidance.

Income reporting from mining and staking activities or rewards

We quantify the value of tokens when you receive them and place that information appropriately in your return.

Strategic timing of sales and holdings

We look at holding periods and overall income as well as your wider tax picture to suggest approaches that may lower the total tax on digital assets over time.

Why choose Wasserman Accounting for crypto taxes?

Wasserman Accounting combines digital asset experience with full-service tax and CPA practice in the United States. That means the crypto taxes are not managed in isolation from the rest of your financial life.

Clients rely on us because our dedicated team:

• Worker’s compensation
• Unemployment claims

What is the best way to handle crypto tax filing?

The most reliable approach is to pull all exchange and wallet records and work with a professional CPA providing cryptocurrency tax filing services.