Discover effortless crypto accounting from trusted specialists!
Whether you’re facing an IRS audit or just have questions about your crypto tax implications, our top-tier cryptocurrency tax attorneys will provide clarity and peace of mind.
- 1,500+ cryptocurrency tax reports prepared
- Led by a tax attorney and CPA
- Focusing on crypto tax law since 2014
Crypto Tax Accountants in Chicago, IL
Are you tired of trying to handle crypto tax preparation on your own?
With professional crypto tax services from Crypto Taxes Chicago, you'll receive a foolproof crypto tax report (and avoid headaches)!
Crypto moves much faster than the IRS, leaving investors guessing about many imperative tax questions.
Our experienced crypto tax accountants can assist you:
- Find clear answers to your most challenging tax questions
- Save money on taxes while lowering the risk of audits and penalties
- Make sound crypto tax decisions with legal analysis
Cryptocurrency Accounting
Supported activities include:
- Staking
- Mining
- NFTs
- DeFi
- Airdrops
- Using crypto for business
- DAO membership
- Margin trading
- Bot trading
Leaders in Crypto Tax Preparation
Crypto Taxes Chicago is the firm other tax and financial professionals turn to for cryptocurrency tax advice. Since 2014, we’ve assisted everyone from casual traders to major coin developers in reporting crypto taxes, lowering their tax burden, and keeping money in their (digital) wallets.
The IRS is cracking down on cryptocurrency like never before—sending warning letters to traders, asking point-blank if taxpayers had any involvement with crypto, and recruiting professionals for increased cryptocurrency tax audits. The sun is setting on cryptocurrency as a tax shelter; if you want to protect yourself and your assets from the hungry gaze of the IRS, our crypto tax professionals can help.
Where other tax attorneys and accounting professionals are scrambling to catch up on crypto regulations, Crypto Taxes Chicago has a rock-solid foundation of knowledge and experience. Learn the basics of cryptocurrency & Bitcoin taxes here.
Call today for a confidential consultation with a leading cryptocurrency tax professional.
Avoid an IRS Audit... or Worse
If you have cryptocurrency that you haven’t reported in the past, or that you’ve under-reported, you could be a prime target for a cryptocurrency audit. And, as of 2019, the IRS has begun directly asking taxpayers whether they had an involvement with cryptocurrency. If you said “no” when you should have said “yes,” the IRS could have grounds to pursue tax fraud charges.
If you’re in this boat, don’t wait; call us today. We’ll guide you through your options and help you stay 3 steps ahead of the IRS.
Reporting Crypto Taxes for Past Years
Have you received a nasty IRS letter claiming you owe crypto taxes for prior years? You’re not alone; the IRS has been sending thousands of these letters to cryptocurrency investors each year.
The good news is that you probably don’t owe as much as they claim; we can help you rebuild crypto reports for prior years, determine the correct amount, and even negotiate your tax debt down to pennies on the dollar.
International Cryptocurrency Reporting
Many clients ask us if they need a special report for cryptocurrency traded through international exchanges. The answer depends on your trade volume and the value of your international crypto accounts.
Crypto Taxes Chicago is one of few firms in the nation to focus on both crypto taxes and foreign asset disclosure. There’s no one better to help you understand your international cryptocurrency reporting requirements!
Schedule a confidential consultation today to discuss your situation.
Meet your crypto tax defense team.
Highly experienced crypto attorneys dedicated to your peace of mind.
Meet Our Team
We make it easy to file your crypto tax return
- Our team has prepared more than 1,500 crypto tax reports since 2014.
- We can work with your preferred crypto tax software, or help you choose one.
- Don’t worry about IRS audits. We’ve defended several crypto tax audits with favorable results, and we know what the IRS is looking for.
- Simply provide your transaction history from each wallet, along with any tax forms you’ve received—we’ll do the work of turning it into a bulletproof tax return!
Reporting crypto taxes protects your wallet (contrary to popular belief among traders). Why? After years of legal battles, many major exchanges now report to the IRS. But they don’t track your cost basis—which means your taxable gains can be severely inflated.
With new reporting requirements on Form 1099-DA, the IRS will soon receive more information about your trades than ever before. Yet, we anticipate important gaps in the information reported on 1099-DA.
Calculating your real taxable gains involves complex calculations and intricate knowledge of the constantly evolving, often confusing laws regulating cryptocurrency taxes. But that’s why we’re here!