Before scheduling a call, here are answers to common questions.

We have no more openings until after October 15, 2022. You can sign up for next year’s return preparation auction here. We do not prepare returns for taxpayers who are not Audit Defense members.

We have no more openings until after October 15, 2022. You can sign up for next year return preparation auction here.  We do not calculate gains for taxpayers who are not Audit Defense members.

There are many reasons for these services generating bad results, such as: missing transaction records, missing pricing history, and human error. Pulling transaction history from the blockchain (ie, Metamask, all DeFi transactions, NFTs) causes significant problems for these services which the services pass off on to the user to classify. Classifying records and reconciling movements is very complicated despite how easy the services make it seem.

Ultimately, you may have to file your tax return using a good faith estimate of your net gains and income. None of the services generates consistent results. 

We strongly recommend that you become an Audit Defense member as a complement to filing your tax return. If you are a member, if the IRS audits you regardless of which year your reported crypto income, we will defend you before the IRS for no additional charge. This includes recalculating your crypto gain results and amending your return if appropriate. All at no additional charge. Go to the Audit Defense membership page to learn more.

There are few CPAs and tax preparers who understand tax reporting for cryptocurrencies. Your preparer is probably good at everything else tax-wise, but you will need to provide him with the bottom-line crypto capital gains and income amounts. Don’t ask your preparer to verify your results, you will only scare them off. They may not want you as a client anymore. 

We offer a greater discussion of gain calculation challenges to Audit Defense members.

We offer information on advanced crypto taxation issues to our Audit Defense members.

What we recommend is having an Audit Risk Assessment. We look at the IRS records and tax returns for the past five years. We grade the return using our “bulletproof tax return methodology.” We’ll grade your risk and offer suggestions to reduce the risk. Less than 1% of our crypto tax returns prepared using this methodology have ever been audited. 

Audit Risk Assessments are only available for Audit Defense members. You must have been an Audit Defense member for at least a month before scheduling an assessment. This is because the IRS needs time to process your authorization to pull IRS records.

What we recommend is having an Audit Risk Assessment. We look at the IRS records and your filed tax returns, if any, for the past five years. We grade the return using our “bulletproof tax return methodology.” We’ll grade your risk and offer suggestions to reduce the risk. Less than 1% of our crypto tax returns prepared using this methodology have ever been audited. 

Audit Risk Assessments are only available for Audit Defense members. You must have been an Audit Defense member for at least a month before scheduling an assessment. This is because the IRS needs time to process your authorization to pull IRS records.

If the IRS has already contacted you in person or my mail, then your situation is more serious. You should become an Audit Defense member and then immediately schedule a private consultation from the member portal.

Clinton has limited availability. Most questions asked of him are answered in these frequently asked questions or through an Audit Defense membership.