Last Updated on August 8, 2025 by Patrick Camuso, CPA
In today’s fast paced financial world, the crypto community recognizes that staying ahead of the curve on regulatory changes and technological advancements is key, especially in the world of cryptocurrency.
The rise of digital assets has brought unprecedented opportunities and complexity for investors and businesses alike. We recognized this shift early and founded Camuso CPA with a vision to build tax and accounting systems for the future of finance, providing access to a trusted crypto tax accountant.
Since 2016, long before tax laws or institutional adoption existed, our team has been navigating the uncharted territory of cryptocurrency and blockchain.
By 2019 the IRS was actively asking taxpayers about their involvement in cryptocurrency transactions, so accurate crypto tax reporting was becoming a must. With many exchanges now reporting directly to the IRS, a thorough review of transactions is critical to ensure accurate reporting and avoid overstated taxable gains and penalties.
As the IRS’s reporting requirements get more detailed, the compliance process has become increasingly complicated, making precise crypto tax compliance more important than ever. We anticipated these changes early and positioned ourselves as a leader in helping clients protect their wealth while being fully compliant regarding tax implications .
Forbes named us one of the Best-in-State CPA firms in 2025 for our foresight, expertise and excellence in crypto tax services.
What We Built for Crypto Taxes Before the Market Caught Up
When we started serving crypto investors and businesses, existing tax frameworks were not equipped to handle the complexity of digital assets. Our first client, a Bitcoin miner, had been turned away by every other firm because of the complexity of his trades. We took on the challenge and built custom tools and methodologies for cryptocurrency.
Our solutions include wallet-level tracking systems that allow us to track every transaction precisely, advanced cost basis calculation methods to ensure accurate capital gain figures and custom reporting logic to handle even the most complex crypto transactions. This is important because tracking the cost basis, the original purchase price of cryptocurrency assets, is critical for tax reporting and determining capital gains or losses, ensuring proper payment of crypto tax.
Professionals in crypto tax services play a big role in helping clients track their cost basis accurately so they can be compliant and have financial clarity.Our services have delivered significant results for our clients such as recovering over $1 million in tax value from token misclassification errors and avoiding $200,000 in sales tax exposure for Web3 startups before their launch.
We have reconstructed over 45 wallets to calculate tax implications and saved clients $775,000 in missed savings and automated reconciliation processes that save clients over 15 hours per month.
Since failure to report cryptocurrency gains, even unintentionally, can be considered tax fraud with serious financial penalties, our approach ensures every transaction is tracked, reported, and the payment of taxes is handled accurately.
Our customized services help clients navigate the complexities of crypto tax compliance by offering expert advice and providing peace of mind and protection of their financial interests.
Customized services are often offered to address the unique challenges of cryptocurrency investments so each client’s specific needs are met with precision.
Who We Serve: Crypto Investors and Businesses
Our clients span the entire digital asset economy, reflecting the diversity and innovation in the crypto space. We serve high-net-worth crypto investors looking for advanced tax planning and audit protection, Web3 founders and Decentralized Autonomous Organizations (DAOs) needing scalable and compliant accounting systems, and Bitcoin miners operating at infrastructure scale.
We also work with fintech and ecommerce companies integrating blockchain, digital creators monetizing through tokenization and NFTs, and corporations managing crypto treasuries and real-world asset initiatives. We cover the full spectrum of crypto transactions including complex areas such as NFTs, mining, staking, liquidity pools and DeFi activity. Many crypto tax accountants have specialized knowledge in handling these complex transactions to ensure accurate reporting and compliance.
Every taxable event, whether selling an NFT, swapping tokens or engaging in liquidity pool transactions, is reported in full compliance to IRS guidelines. We prepare detailed tax forms including Form 8949 to report gains and losses. For example, when a cryptocurrency investor sells an NFT for more than its purchase price, capital gains tax applies and we ensure it’s calculated and reported correctly.
Many cryptocurrency tax services provide detailed reports on gains and losses for tax preparation so clients can meet their obligations with confidence. Our crypto tax reports give clients the information they need to fulfill their tax obligations with confidence.
How We Work on Cryptocurrency Tax Reporting
Traditional tax services fall short when faced with the complexity of crypto compliance. As a leading tax firm, Camuso CPA offers a system-driven approach tailored to the unique needs of cryptocurrency investors and businesses. Our core services include:
Cryptocurrency Tax Planning
We offer strategic guidance to minimize tax exposure, optimize gains and ensure full compliance with evolving crypto tax laws. Calculating gains and losses accurately is the foundation of cryptocurrency tax preparation, ensuring that clients do not lose money, and our expertise helps them navigate this process efficiently.
Real taxable gains calculation involves complex calculations and knowledge of evolving laws governing cryptocurrency taxes, making expert guidance essential for accurate reporting.
Cryptocurrency Tax Preparation
Our audit-grade digital asset tax reporting services include importing transaction data from multiple sources, preparing all necessary tax forms, filing tax returns and generating detailed crypto tax reports that can withstand IRS scrutiny.
Web3 Accounting
We offer monthly bookkeeping, controller support and DAO/protocol-specific sub-ledger setups to handle liquidity pools and DeFi transactions so complex crypto business models are accounted for precisely, ensuring financial security for our clients .
Web3 Sales Tax Compliance
We conduct nexus evaluations, manage multi-state registrations and map NFT and token sales tax obligations to keep businesses compliant across jurisdictions, requiring a thorough review of each state’s regula .
IRS Tax Resolution
If clients face audits or penalties related to unreported crypto activity we provide audit defense, penalty management and historical cleanup services to resolve these issues quickly.
Outsourced CFO Services
For high-growth crypto companies involved in cryptocurrency trading, we offer entity structuring, treasury management and security frameworks so businesses can scale securely and compliantly.
We also support cross-border structuring, smart contract revenue workflows and wallet-level reconciliation using IRS approved methods such as First In First Out (FIFO) and First Out, including first in first out methodologies. Our AI-enhanced transaction parsing ensures every client has audit-ready crypto tax documentation from day one.
Our View on Crypto Regulations
Camuso CPA acts as a strategic partner to founders, CFOs and investors, bridging the gap between blockchain innovation and traditional tax compliance with expert knowledge. We focus on protecting capital, reducing risk and building systems that can withstand the challenges posed by evolving crypto regulations.
Education and thought leadership are key to our approach, especially regarding the subject of cryptocurrency tax . We educate clients so they can make informed tax and compliance decisions in a rapidly changing regulatory environment.
By providing clear educational resources about proceeding through cryptocurrency tax regulations, we help cryptocurrency investors and businesses navigate the course of complex tax laws with confidence and clarity. Educational resources are often provided by crypto tax services to guide clients through the complexities of evolving tax regulations so they stay informed and compliant.
Leading the Profession
Besides serving clients, As a leading firm, Camuso CPA is shaping the future of crypto tax accounting. We publish frameworks, train CPAs and work with policy experts to create new standards that keep up with technology.
Our leadership ensures the profession keeps pace with the innovation it supports, securing and compliance across the crypto space.
A Layer of Trust
In a regulatory wild west, Camuso CPA is the trust layer between crypto and compliance. We guide clients through the entire process of calculating, reporting, and preparing their tax return for taxes on cryptocurrency transactions with precision and confidence.
With the complexity of taxable gain calculations and evolving cryptocurrency tax laws, expert guidance from a crypto tax accountant is essential. Calculating real taxable gains from cryptocurrency involves complex calculations due to evolving laws, making specialized expertise in this area crucial.
Where Recognition Ends, Strategy Begins
Being recognized by Forbes as a top CPA firm is an honor, but our mission is forward-looking. As the subject of cryptocurrency tax gets more complex, expert crypto tax strategy will be the competitive advantage for investors, founders and businesses.
Camuso CPA can help you protect your digital assets and stay ahead of the regulatory curve. Schedule your personalized crypto tax consultation today. Our customized services address your specific tax situation, ensuring you understand what you owe providing the expertise and advice you need to navigate cryptocurrency tax compliance and reporting with confidence.
Consultation services include a scheduled call to discuss your questions and concerns so you get personalized guidance tailored to your needs, supported by our firm .
