If you're holding crypto without selling or exchanging it, there is no immediate tax impact. Tax obligations begin when you sell or trade. At that point, accurate reporting matters. We make sure you report what is required and that your tax liability is calculated correctly.

There is no minimum threshold. All crypto-related income must be reported, whether it comes from selling, exchanging, or earning crypto rewards. The IRS expects full reporting regardless of the amount. We handle the calculations and make sure your return accounts for everything accurately.

Form 1099-DA is a new IRS tax form for reporting digital asset transactions. Starting in January 2026, centralized exchanges like Coinbase, Kraken, Gemini, Uphold, and Robinhood are required to issue this form to report crypto sales, dispositions, and certain transfers. In the first year, exchanges are expected to report only gross proceeds, with no cost basis included. Cost basis reporting is expected to begin in 2027. It is the digital asset equivalent of Form 1099-B, which traditional brokerages use for stocks and bonds.

The IRS will auto-flag any mismatch between what appears on your 1099-DA and what you report on your tax return. In the first year, because only gross proceeds are reported without cost basis, the IRS may see high-value sales and assume your profit was 100% unless you have records to prove otherwise. A mismatch can result in a CP2000 notice and a proposed tax bill. The data that will appear on your 1099-DA is already being captured by exchanges, so getting your records in order now is important. We handle the calculations and documentation so your return lines up with what the IRS sees.

Yes. The IRS tracks transactions through U.S. crypto exchanges, and starting in 2026, exchanges are required to issue Form 1099-DA to report digital asset sales, transfers, and wallet addresses. The 1099-K reporting threshold of $600 still applies as well. Even transfers to private wallets may appear in reporting records, and the IRS can use that data to trace activity across wallets and platforms over time. We make sure your records are accurate and your return is prepared to withstand that level of scrutiny.

Yes. We work with people who have missed one or more years of filing. The important thing to understand is that the IRS audit statute of limitation doesn't begin until you actually file. That means every unfiled year is a year without that protection. We recommend scheduling a complimentary call so we can review your situation and put together a plan to get your filings current.

We take on a limited number of clients each year so we can give each return the attention it deserves. Reach out and we'll talk through your situation, explain how our services work, and go from there.

Yes, this is a core part of what we do. Whether you missed filing or filed incorrectly, we help you regain IRS compliance. If you've received an IRS notice, that adds urgency and we should move quickly. Contact us for a free consultation so we can review your situation and walk you through your options.

Yes. Clinton offers private consultations where he reviews your specific crypto tax situation. His calendar does fill up, so some flexibility on scheduling may be needed. Book a session and bring your questions.