Cryptocurrency Tax Services
Clear and Practical Blockchain Tax Guidance Book A ConsultationCall Today! 206-588-6941Tax Preparation & Accounting Services for Cryptocurrency Transactions
Cryptocurrency taxation presents unique challenges for businesses and individuals. The rise of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, and Dogecoin has created new complexities. Finding a knowledgeable CPA or tax preparation and accounting firm experienced in cryptocurrency taxation is crucial, especially as laws and regulations continually evolve.
Understanding Cryptocurrency Taxation
Cryptocurrency, a digital or virtual form of payment, can be exchanged online for goods and services. These transactions are validated and recorded on a blockchain, a secure digital ledger.
The IRS classifies virtual currency as a digital representation of value, treating it as property for tax purposes. Whether you experience a gain or a loss, it must be reported on Schedule D of IRS Form 1040. Long-term gains (assets held for more than 12 months) are subject to capital gains tax rates, while short-term gains (assets held for less than 12 months) are taxed as ordinary income.
Cryptocurrency Tax Experts
How Our Cryptocurrency Tax Services Can Help
Expert Guidance
Our team of CPAs specializes in cryptocurrency taxation. We stay updated on the latest regulations to ensure your compliance with all tax laws.
Accurate Reporting
We help you accurately report gains and losses on your cryptocurrency transactions, ensuring that all necessary forms and schedules are correctly filed.
Tax Planning
We provide strategic tax planning to help you minimize your tax liability and maximize your financial benefits from cryptocurrency investments.
Audit Support
In the event of an IRS audit, our experts will represent you and provide the necessary documentation and support to protect your interests.
Ongoing Support
Cryptocurrency taxation is a continually evolving field. We offer ongoing support to keep you informed of new developments and ensure your tax strategy remains effective.
Comprehensive Bookeeping
We assist with detailed record-keeping of all your cryptocurrency transactions, ensuring you have the necessary documentation for accurate tax reporting and compliance.
Why Choose Aldaris for Your Cryptocurrency Tax Needs
Specialized Knowledge
Our firm focuses on cryptocurrency taxation, offering you specialized expertise that general accounting firms may lack.
Personalized Service
We understand that each client’s situation is unique. Our services are tailored to meet your specific needs and goals.
Up-to-Date Compliance
We continuously monitor changes in cryptocurrency tax regulations to ensure your compliance with all current laws.
Cryptocurrency Tax Services
Best Crypto Tax Consulting Serving West Seattle & Greater Seattle Area
If you are looking for an accounting and tax firm with extensive knowledge in the cryptocurrency space, we encourage you to book an appointment to learn more.
Cryptocurrency Tax Consulting and Planning serving Seattle, Washington
We don’t just file taxes. We provide year-round, strategic tax reduction planning to ensure you never overpay your business taxes.
Cryptocurrency Tax Consulting Services include
- Cryptocurrency Tax Compliance
- Harvesting Tax Losses
- Analysis of Cost Basis
- Specific Identification
- Staking
- Master Noding
- 1099-DA Review and Analysis