Very happy working with Patrick. He’s the real deal when it comes to crypto tax and accounting. Highly recommend him if you want clarity and confidence in your reporting.
- Crypto-Native Since 2016. Built for the Digital Asset Compliance Era.
Crypto CPA for Investors, Traders & Web3 Founders
Recognized by Forbes as a 2025 Best-in-State Top CPA
Featured in Forbes for Leading the Charge on Crypto Accounting: Read the Forbes Feature
Work directly with a specialized Crypto CPA for audit-ready accounting, IRS-defensible tax filings, and proactive digital asset tax strategy.
Nationally Recognized Crypto CPA Since 2016 and the first CPA firm in the U.S. to accept cryptocurrency for professional services.
Crypto CPA for the Digital Asset Compliance Era
For investors, high-volume traders, and Web3 founders with meaningful cryptocurrency exposure, compliance begins with historical accounting integrity. Multi-wallet portfolios frequently contain fragmented transaction histories, incomplete cost basis continuity, inconsistent treatment of internal transfers, and prior-year methodologies that no longer align with current IRS standards. Without disciplined historical accounting and cost basis reconstruction, tax reporting positions lack structural reliability.
As a specialized Crypto CPA firm, we begin by restoring that foundation. We perform transaction-level reconstruction across custodial and non-custodial environments, normalize on-chain activity, and realign reporting methodologies across tax years to establish continuity and defensibility.
We then implement forward-looking accounting systems designed to preserve integrity across wallets, exchanges, entities, and reporting regimes. This includes formal 1099-DA reconciliation, alignment of third-party data with reconstructed records, preparation of federal and multi-state cryptocurrency tax filings, and structured analysis of complex tax positions arising from DeFi activity, staking, NFTs, mining operations, token compensation, and cross-entity structures.
Strategic tax planning is integrated into this process to address capital positioning, liquidity timing, entity optimization, and jurisdictional exposure.
Our engagements are structured for high-net-worth investors and complex digital asset operators whose portfolios require institutional-grade accounting precision and comprehensive tax advisory built for the current compliance environment.
Recognized as Forbes Best-In-State Top CPA for Leadership in Crypto Accounting
Camuso CPA is recognized as a Forbes Best-In-State Top CPA, reflecting national recognition for leadership at the intersection of cryptocurrency taxation, digital asset accounting, and on-chain compliance.
Founded in 2016, our firm was built specifically for complex digital asset portfolios at a time when few accounting practices were equipped to handle on-chain activity, multi-wallet environments, or cost basis reconstruction. Since then, we have advised high-net-worth investors, Web3 founders, traders, and digital asset operators through multiple market cycles and evolving regulatory frameworks.
This recognition reflects sustained technical depth in areas that now define the Digital Asset Compliance Era, including historical accounting reconstruction, wallet-level reconciliation, 1099-DA alignment, and structurally defensible cryptocurrency tax reporting.
Ready To Speak With A Crypto CPA?
Our Cryptocurrency Accounting Process: From Onboarding to Ongoing Tax Strategy
Step 1: Portfolio Assessment & Exposure Review
This assessment identifies historical reporting gaps, cost basis discontinuities, and potential exposure under current IRS guidance. Engagement scope and methodology are defined at this stage.
Step 2: Historical Accounting & Cost Basis Reconstruction
Transaction-level reconciliation is performed across custodial and non-custodial environments. We restore continuity across tax years, normalize internal transfers, and realign allocation methodologies to current standards. Where necessary, prior reporting positions are evaluated and corrected.
Step 3: Compliance Execution & Reporting Alignment
With accounting integrity established, we prepare federal and multi-state cryptocurrency tax filings and formally reconcile reporting against third-party data, including Form 1099-DA. Documentation is structured for defensibility under audit review.
Step 4: Ongoing Tax Strategy & Structural Optimization
Forward-looking advisory addresses capital positioning, entity elections, liquidity timing, multi-jurisdiction exposure, and complex transaction analysis across DeFi, NFTs, staking, token compensation, and related structures.
Who We Help: Crypto Investors, Founders & Web3 Builders
From early Bitcoin adoption through today’s multi-chain digital asset ecosystem, we have advised investors and operators whose crypto exposure is financially material.
Our clients are not experimenting with digital assets. They are allocating capital, operating entities, issuing tokens, and managing portfolios that require historical accounting integrity, cost basis continuity, and defensible tax architecture.
- High-Net-Worth Individuals & Multi-Wallet Investors
- High-volume traders and DeFi participants.
- Web3 Startups, Protocols & Token Projects
- Founders and executives receiving token compensation.
- Prediction Market Traders
Cryptocurrency CPA Services for Digital Asset Investors, Traders & Web3 Operators
We provide end-to-end cryptocurrency accounting, tax reporting, and advisory services built for complex digital asset exposure.
Crypto Tax Planning & Strategy
Forward-looking planning across token events, liquidity events, staking income, capital gains timing, entity structuring, and cross-border considerations. Built to minimize liabilities while preserving reporting integrity.
Explore Crypto Tax Strategy Services →
Cryptocurrency Accounting & Historical Cost Basis Reconstruction
Institutional-grade wallet reconciliation and cost basis reconstruction across exchanges, DeFi protocols, NFTs, and multi-chain portfolios. We restore transaction-level continuity and build defensible accounting architecture aligned with current IRS guidance.
Fix Inaccurate Crypto Reports →
Startup & Web3 Accounting Services
Accounting system design, subledger integration, treasury tracking, and GAAP-aligned reporting for Web3 startups, token projects, and digital asset businesses. Implement Crypto-Native Subledger Accounting ->
Crypto Tax Reporting & Compliance
Accurate federal and multi-state cryptocurrency tax filings, including 1099-DA reconciliation and reporting under Rev. Proc. 2024-28. Designed for high-volume traders, multi-entity structures, and materially significant digital asset activity.
File Your Crypto Taxes with Confidence ->
Crypto Tax Resolution & IRS Representation
Remediation of unfiled years, audit defense, penalty negotiation, and structured resolution strategies for digital asset-related IRS exposure. We restore compliance and reduce long-term risk.
Fix Crypto Back Taxes & Unfiled Returns ->
Prediction Market Tax Reporting
Specialized U.S. tax reporting and accounting for prediction market traders, including Polymarket, Kalshi, USD-settled and crypto-settled contracts.
Prediction Market Tax Reporting->
Why Web3 Founders & Crypto Investors Trust Camuso CPA for Cryptocurrency Accounting Services
Crypto accounting and tax compliance isn’t just complex—it’s mission-critical. While traditional CPAs and CFOs are still catching up to Web3, Camuso CPA has been leading since the earliest Bitcoin cycles. As trusted crypto tax experts and Web3 CFOs, we help investors, founders, and digital asset companies minimize liabilities, stay audit-ready, and maintain clean, reliable books that support strategic decision-making. Whether you’re managing multi-chain wallets, launching tokens, or scaling your Web3 venture—we deliver the full-scope solutions traditional firms can’t.
| Service | Camuso CPA | Typical Accounting Firm |
|---|---|---|
| Cryptocurrency Portfolio Accounting & Wallet Reconciliation | ✔ | ✖ |
| DeFi & NFT Transaction Accounting | ✔ | ✖ |
| Crypto Tax Resolution & IRS Representation | ✔ | ✖ |
| Web3 Accounting & Financial Statement Preparation | ✔ | ✖ |
| Prediction Market Tax Reporting | ✔ | ✖ |
| Crypto Investor & Founder Tax Strategy | ✔ | ✖ |
| Token Generaton Event (TGE) & SAFT Support | ✔ | ✖ |
| Corporate & Partnership Tax Returns | ✔ | ✔ |
| Traditional Business Accounting | ✔ | ✔ |
| High-Net-Worth Individual Tax Returns | ✔ | ✔ |
| On-Chain Sales Tax Compliance (We Wrote The Book) | ✔ | ✖ |
What Investors & Founders Are Saying About Our Cryptocurrency CPA Firm
Real Results from Our Cryptocurrency CPA Clients
Results
Total Tax Savings:
$ 275,000 +
Total Time Savings:
Saved $275,000+ in IRS Liabilities with Strategic Tax Resolution and Clean-Up
Chad
A high-volume DeFi investor came to us after receiving an IRS 6174-A notice and years of unfiled crypto activity. Before reaching out to our firm to resolve their crypto tax issues, they had tried using three crypto tax software platforms and hired two other accounting firms, none of which produced accurate results. We reconstructed their entire crypto tax history, cleaned up seven years of accounting, and successfully negotiated an Offer in Compromise with the IRS.
Results
Total Tax Savings:
$ 500,000 +
Total Tax Deferral:
Recovered Millions in Overstated Gains and Built an Accurate Crypto Tax System from 2016–Present
Paul
Jonathan, a high-net-worth crypto investor active since 2016, came to us after multiple failed attempts with top crypto tax software and two CPA firms. Their reports overstated his gains by millions, misclassified transactions, and ignored 30+ wallets, 15+ exchanges, margin trades, DeFi activity, and NFTs across 10+ chains. He also received inaccurate 1099s with no cost basis tracking.
Our team rebuilt his accounting system from the ground up, accurately reconciling every transaction from 2016 to the present. We corrected misreported 1099s, cleaned up his books, and implemented an ongoing crypto-native tax strategy. By identifying loss harvesting opportunities and creating accurate filings, we saved Jonathan substantial money and ensured IRS compliance.
Results
Total Tax Savings:
$ 300,000+
Total Time Savings:
20 Hours+
Saved $300,000+ in Future Liabilities by Structuring a Compliant Token Launch
Jonathan
A Web3 startup came to us during a critical phase, raising funds through a SAFT and preparing for their Token Generation Event (TGE). We delivered a full tax plan that restructured their token allocations, reduced their future tax liabilities by over $300,000, and avoided major compliance risks.
We also implemented a crypto-native accounting system with integrated sub-ledgers and automation, saving the team 20+ hours weekly in manual accounting. Our ongoing support as their Web3 CFO continues to keep their books investor-ready and their strategy compliant.
Results
Total Tax Savings:
$ 750,000 +
Total Time Savings:
Rebuilt Accounting for Crypto Fund with 50M–100M Trades Per Year
William
A crypto fund executing between 50 and 100 million transactions annually required a full accounting overhaul. We retroactively cleaned up three years of high-volume data, designed a crypto-native sub-ledger system, and delivered audit-ready financials. Our scalable architecture supports real-time trade tracking, institutional compliance, and long-term fund operations.
Results
Total Tax Savings:
$ 2.4 Million
Total Time Savings:
Optimized Bitcoin Mining Operations to Save $2.4M Through Depreciation Strategy & Accounting Overhaul
William
Paul, the managing partner of a successful Bitcoin mining company, sought our firm’s assistance for tax planning. Our collaborative efforts led to significant tax-saving strategies for his business. Furthermore, our guidance allowed Paul to gain clarity on accelerating depreciation schedules for purchased equipment and assets. Moreover, our firm aided Paul in setting up and updating his accounting system to ensure accurate records for past transactions. This enhancement provided comprehensive financial visibility and facilitated precise tax planning and compliance strategies.
Complex portfolio? Multiple wallets? Prior-year reporting gaps?
Our Cryptocurrency Accounting Process: From Onboarding to Ongoing Tax Strategy
Cryptocurrency CPA FAQ
What is cryptocurrency accounting and why is it essential for crypto investors?
Cryptocurrency accounting tracks, categorizes, and reconciles all your digital asset activity from trades to staking rewards in order to ensure tax compliance and accurate reporting. Without it, investors risk overpaying taxes, triggering audits, or missing key deductions.
How do I report crypto transactions and DeFi activity on my taxes?
Each crypto trade, swap, airdrop, staking reward, or DeFi yield is a taxable event. These must be reported with fair market value at the time of the transaction. We help clients aggregate data across wallets, exchanges, and smart contracts into compliant tax reports.
What are the IRS requirements for cryptocurrency accounting and tax reporting?
The IRS treats cryptocurrency as property, requiring detailed gain/loss calculations for every taxable event. You must track cost basis, holding periods, and fair market value across all wallets and exchanges, even DeFi. Camuso CPA ensures full IRS alignment.
How can Camuso CPA help reduce my crypto tax liability legally and efficiently?
We implement HIFO or Specific ID accounting, loss harvesting, proper entity structuring, and forward-looking tax strategies to legally reduce your tax bill. Our cleanups often recover 5–6+ figures in overpaid taxes for high-volume traders and investors.
Do I need to report crypto held in cold wallets, hardware wallets, or DeFi platforms?
Yes. The IRS requires that all digital asset activity be reported regardless of custody or platform. Our crypto-native accounting tools track cold wallet movements, DeFi LPs, and on-chain transactions for full accuracy.
What’s the best crypto accounting method: FIFO, LIFO, HIFO, or Specific ID?
The “best” method depends on your tax minimization goals. HIFO often yields the lowest taxes but requires robust recordkeeping. We help you select the best method (and document it) to minimize taxes while staying compliant.
How does proper crypto accounting support long-term wealth planning?
Accurate records enable better tax strategy, estate planning, and risk management. With clear accounting, we can project liabilities, optimize exits, and ensure digital assets are accounted for in trusts or succession plans.
How can entity structuring lower crypto taxes for high-net-worth investors?
LLCs, S-Corps, and trust structures can dramatically reduce self-employment tax, allow income deferral, or enable family wealth transfers. We design custom entities aligned with your trading activity and long-term goals.
What should Web3 founders know about token-based compensation accounting?
SAFTs, token grants, and employee vesting introduce complex tax triggers. Founders must recognize income based on FMV at grant or vest and manage deferred comp correctly. Camuso CPA handles token cap tables, vesting, and RTA compliance.
Can I write off gas fees, staking rewards, or trading losses on my crypto taxes?
Yes. Gas fees tied to taxable transactions can be included in basis. Staking rewards are taxable income, and capital losses can offset gains. We categorize all fees, rewards, and losses properly to capture every legal deduction.
What should I do if I receive a crypto-related IRS notice or CP2000 letter?
Don’t ignore it. A CP2000 or IRS crypto notice typically means there’s a mismatch between your 1099 filings (like from Coinbase or Kraken) and your tax return. Camuso CPA specializes in IRS crypto resolution, we analyze the records, amend returns if needed, and directly communicate with the IRS to resolve the issue and protect you from penalties.
What is Form 1099-DA and how will it impact crypto investors starting in 2025?
Starting with tax year 2025, exchanges like Coinbase and Kraken will be required to issue Form 1099-DA to both the IRS and users, reporting gross proceeds from digital asset sales. This is a major shift in crypto tax compliance. The IRS will now have direct visibility into your crypto activity, similar to how stock brokerages report 1099-B forms.
Camuso CPA helps clients prepare for this new regulation by ensuring:
Wallet and exchange records are already reconciled
Your tax filings match what the IRS will soon receive
Any historical gaps or over-reporting risk are corrected before enforcement begins
Failing to prepare for 1099-DA matching could trigger audits, CP2000 notices, or IRS penalties. We help you stay one step ahead.
Can Camuso CPA prepare and file my taxes?
Yes, we prepare and file complete federal, state, and local tax returns for both individuals and entities, including crypto-specific forms. Your returns are audit-ready and strategically optimized for maximum savings.
How do I get started working with Camuso CPA?
Book a free discovery call. We’ll review your needs, assets, and goals then tailor a service plan that fits your situation. From cleanups to compliance to scaling, we handle everything from start to finish.
Does Camuso CPA offer crypto accounting cleanups for prior tax years?
Absolutely. We specialize in crypto accounting cleanups, rebuilding your books from scratch using API exports, wallet records, and forensic data reconstruction. Most clients save thousands in taxes or avoid major audit penalties.
What crypto bookkeeping tools does Camuso CPA support (e.g., CoinTracking, Koinly)?
We support all major platforms, CoinTracking, Koinly, Cointracker, Awaken, custom CSVs and many more. For Web3 companies, we integrate directly with wallets and general ledgers for seamless accounting.
How does crypto estate planning work for wallets, seed phrases, and digital assets?
Digital asset estate planning requires more than just legal documents, you need secure, traceable access. We work with estate attorneys to build crypto-specific succession plans for wallets, private keys, seed phrases, and smart contract holdings.
What CFO services do you offer for Web3 startups, DAOs, and NFT projects?
Our outsourced Web3 CFO services include: crypto-native budgeting, token issuance accounting, treasury forecasting, tax strategy, and investor reporting. We bridge the gap between traditional finance and decentralized ecosystems.
Can Camuso CPA help prepare crypto records for IRS audits or legal disputes?
Yes. We create audit-grade crypto accounting records that align with IRS requirements and withstand scrutiny. Whether it's an IRS audit, cryptocurrency tax notice, legal dispute, or M&A event, we support full data traceability and defensible reporting.
What are the risks of inaccurate crypto accounting or tax underreporting?
Misreporting crypto taxes can trigger audits, penalties, or even fraud charges. Many CPAs overlook DeFi, NFT, and wallet-based activity, exposing clients to major risk. We ensure bulletproof compliance with all IRS standards.
Do I need to track every wallet and exchange for proper crypto reporting?
Yes. IRS rules require full portfolio transparency. That means every wallet, CEX, DEX, and bridge must be tracked. We consolidate data from 10–100+ sources per client using smart parsing tools and custom reconciliations.
What triggers an IRS audit for crypto investors or Web3 businesses?
Red flags include mismatched 1099s, undeclared staking or mining income, large DeFi volume, and missing capital gains reporting. Camuso CPA prevents audit triggers with proactive planning, real-time reconciliation, and bulletproof documentation.
How can crypto tax planning help reduce my year-end tax bill?
Strategic crypto tax planning lets you reduce taxable gains, defer income, and structure trades more efficiently. We use tools like Spec ID accounting, loss harvesting, and entity structuring to legally minimize your liability. With proactive planning, many clients save five to six figures annually especially those with high-volume trading or staking rewards.
What if I need to clean up multiple years of crypto taxes but I’m missing exchange data?
If you're missing records from old or defunct exchanges (like FTX, Cryptopia, BlockFi, etc.), you're not alone. Many crypto investors fall behind on tax filings due to lost or incomplete data. At Camuso CPA, we specialize in forensic crypto accounting.
Our team:
Reconstructs trading history from blockchain wallets, bank statements, and CSV fragments
Uses tools like CoinTracking and manual reconciliation for accuracy
Fills in missing cost basis and transaction details in a defensible, audit-ready format
Files back taxes, amends prior returns, and negotiates with the IRS if notices have already been issued
Whether you’re behind one year or ten, we’ll get your books clean and protect you from penalties even if you're missing exchange records.
