We resolve your crypto tax issues and help you save money.
Whether you're dealing with an IRS audit or just curious about your crypto tax implications, our leading cryptocurrency tax attorneys bring you clarity and reassurance.
- Over 1,500 cryptocurrency tax reports prepared
- Led by a tax attorney and CPA
- Specializing in crypto tax law since 2014
Get clear solutions to all your tax and legal inquiries.
Let's face it, cryptocurrency taxes can be perplexing.
Just reporting gains and losses from virtual currency transactions on your tax return is challenging enough. And if the IRS decides to scrutinize your records? It can be intimidating.
Every day, new questions emerge about reporting requirements and how existing tax rules apply to this revolutionary technology. At Crypto Tax Filing Austin, our team is highly passionate about crypto and eager to tackle your legal challenges.
Our seasoned crypto tax lawyers can assist you with:
Resolving crypto tax debt or contesting an IRS cryptocurrency audit
Preparing a simple, precise crypto tax return—regardless of the complexity of your activities
Reducing your crypto taxes through precise reporting and strategic tax planning
Amending crypto tax returns and catching up on back taxes
GAAP-compliant accounting for your Web3 business
Addressing any specific crypto tax queries you have. Nothing is too complex. Try us!
Supported activities include:
- Staking
- Mining
- NFTs
- DeFi
- Airdrops
- Using crypto for business
- DAO membership
- Margin trading
- Bot trading
Master your crypto taxes in 3 easy steps
- Schedule a confidential consultation with our seasoned cryptocurrency tax law team
- Craft the most effective tax strategy for your unique situation
- Minimize your tax obligations and maintain your profits!
What to look for in a cryptocurrency tax attorney
Whether you're filing your annual tax return or defending against an audit, it's crucial to select a professional skilled in tax law and blockchain technology.
Let's TalkHow well do they understand cryptocurrency?
Cryptocurrency transactions extend beyond simple buys, sells, and swaps. Each technological advancement brings new tax considerations.
Your crypto tax advisor should stay current with emerging trends and determine the tax implications for new types of activities. For instance, does your tax advisor know the difference between ERC-721 and ERC-1155 token standards? Are they aware of the mechanics of liquidity pools? Bot trading? Ordinals?
At Crypto Tax Filing Austin, our team is passionate about crypto—with over half of our crypto tax experts personally investing, and a third investing in DeFi.
Which crypto tax software do they use?
A competent cryptocurrency tax attorney should be adaptable to any software you prefer: Koinly, CoinLedger, TokenTax, etc. Crucially, they should have a method for addressing transactions that the software fails to process accurately on its own.
At Crypto Tax Filing Austin, our team can utilize any crypto tax software. We can also guide you through transitioning to a new tool if necessary and resolve issues with the software’s calculations.
Do they provide options for tax treatment?
The IRS has offered limited guidance on virtual currency taxes. Tax professionals must adapt existing regulations to your trading activities. Often, there are multiple ways to treat your transactions for tax purposes.
At Crypto Tax Filing Austin, our team will thoroughly explain your choices, permitting you to opt for a more conservative or more aggressive tax approach whenever feasible.
Which cost basis methods do they use?
Your cost basis method (also known as accounting method) significantly affects your total tax amount. Be aware—the IRS generally allows only two methods, FIFO and Specific ID. Learn more about cost basis methods here.
How many crypto tax audits have they handled?
Facing an audit requires a professional skilled in IRS resolution and cryptocurrency tax law. Our attorneys have handled numerous audits, including several involving cryptocurrencies.
We’ve discovered that the IRS often miscalculates crypto taxes. Without caution, you might pay more than due. Ensure you secure a robust defender with specific expertise in confronting crypto tax audits.
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How can a crypto attorney assist you?
We've helped individuals save millions on crypto taxes and penalties!
Respond to an IRS crypto notice.
If you’ve received an IRS notice, such as the CP2000 or , don’t panic. You may feel confused about why the IRS claims you owe so much, especially if you lost money on your cryptocurrency transactions. Not to worry—Crypto Tax Filing Austin has helped many clients solve this problem.
We’ve reduced many of these crypto tax bills by thousands or even hundreds of thousands of dollars. With in-depth knowledge of both crypto tax law and IRS resolution procedures, we’ll help you protect your rights and your wallet.
Scared to file because you can’t pay your tax bill?
It’s common to owe a lot of tax on money you no longer have, thanks to drastic price swings in the crypto market. Before you resort to selling your crypto or offering the IRS your firstborn child, contact our cryptocurrency tax lawyers.
Need more time to pay? We can help you set up a tax payment plan that works for you. In some cases, we can even negotiate with the IRS to reduce your bill.
Avoid crypto tax (without risking jail).
Our crypto tax attorneys can help you plan a customized, powerful strategy to pay less tax —100% legally. Whether your portfolio is thousands of dollars or millions, we’ll help you identify meaningful ways to save.
We make it easy with straightforward advice tailored to your situation. For example, we don’t just recommend donating crypto to charity for a double dose of tax savings. We identify exactly which tokens sitting in which wallets can save you the most money.